Boohoo.com primed for £500m stock market flotation

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By Cameron Clarke, Editor

February 16, 2014 | 1 min read

Boohoo.com is being tipped for a £500m stock exchange flotation by the end of March.

The online fashion retailer will reveal its plans to go public in the next fortnight, according to The Sunday Times.

The Manchester-based business, run by chief executive Mahmud Kamani, first revealed its IPO intentions in November 2013.

Founded eight years ago, the company made £3.2m profit on £67m turnover in the year to February 2013.

On Friday similar reports emerged about the cut-price retailer Poundland, which is expected to confirm plans to float on the London stock market early next week.

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