New Look confirms IPO
New Look has outlined its plans to float on the London Stock Exchange seeking funds to continue expansion.
It will seek to raise about £650m from a primary offering ‘to be used to de-leverage the balance sheet so as to provide New Look with the flexibility to fund its continued growth.’
New Look was taken private in 2004 for £699m by founder Tom Singh and private equity firms Permira and Apax. Since then its new owners have invested around £450 million in the business.
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