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Boohoo gets ready for IPO

Online fashion retailer Boohoo.com is expected to price its shares at 50p each when it floats on the stock market next week, which means the retailer will be valued at more than £500 million.

GENERAL MERCHANDISE

Boohoo gets ready for IPO

Online fashion retailer Boohoo.com is expected to price its shares at 50p each when it floats on the stock market next week, which means the retailer will be valued at more than £500 million.

The retailer is expected to be admitted to London’s Alternative Investment Market on 14 March

In preparation for the flotation, Boohoo has made a number of board appointments including the recruitment of former Shop Direct chief executive Mark Newton-Jones and former Asos non-executive Peter Williams as non-executive directors.

Williams, who previously worked for more than a decade with Selfridges, is also expected to become Boohoo’s chairman.

Other non-executive director appointments include Zoopla chief financial officer Stephan Morano and chartered accountant David Forbes.

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