Boohoo.com confirms IPO plans for 2014
Online fashion retailer Boohoo.com has confirmed it is to embark on an IPO early next year.
The Manchester-based company, founded in 2006 by chief executive Mahmud Kamani, will follow in the footsteps of rival retailer ASOS which floated on AIM at 20p in 2000 and is now valued at over £4bn with shares worth more than £57 each.
A spokesperson for the retailer confirmed that “an IPO is expected in Q1 2014,” with Zeus, the firm that listed Bargain Booze parent company Conviviality Retail on AIM earlier this year, advising Boohoo.com on its IPO plans.
Boohoo.com has regularly posted sales and profit increases, with current year sales expected to show impressive growth. The online retailer recently added menswear to its growing portfolio of ladieswear, shoes and accessories.