THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
AO.com makes stock market debut

Online appliances retailer AO.com has made its debut on the London Stock Exchange at a value of £1.2 billion.

GENERAL MERCHANDISE

AO.com makes stock market debut

Online appliances retailer AO.com has made its debut on the London Stock Exchange at a value of £1.2 billion.

AO.com’s offer price was set at 285p per share with the value of shares sold by the selling shareholders expected to be £363 million.

The float is forecast to raise £60 million for the company which it will use to grow its product range and evaluate European expansion opportunities, initially in Germany.

Following admission, AO.com chief executive John Roberts will hold 28.6% of the ordinary shares while finance director Steve Caunce will hold 13.6%.

Commenting on the float Roberts said: "I am delighted that our initial public offering has been so well received by investors. They have understood our business model and our potential."

He added: “I have never been more excited about our business. We hope to continue to grow our market leading position in the UK and we have the opportunity to bring our business model and customer focus to the online European electricals market. Our obsession with customer service and the outstanding ability of our team leave us well positioned to deliver our vision for the future."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019