Made.com plans float on London Stock Exchange
Online furniture retailer Made.com has announced plans to float on the London Stock Exchange.
The move could value the retailer at as much as £1 billion.
Made is looking to raise £100 million through the float and will use the funds to develop growth in existing markets, improve its service through reduction of lead-times offered to customers, and grow its homeware range.
Philippe Chainieux, chief executive of Made, said: “Made.com has been revolutionising the home and living sector for the last eleven years. Founded in the UK, it is now the leading digitally native lifestyle brand in a sector that is shifting steadily online. The business is powered by a technology platform that connects independent designers and makers, allowing us to develop our exclusive product offering.”
Founded in the UK in 2010, Made also sells its products across Germany, Switzerland, Austria, France, Belgium, Spain and the Netherlands.
Chainieux added: “The business is fast growing and we have demonstrated the capacity of our brand and customer proposition to travel well. Around half of our sales are outside of the UK and we are aiming to be the leading home destination in Europe for the digital native.”
