Online Furniture Retailer in Talks with Banks for Potential IPO
- Made.com explores £500m stock floatation
- Online retailer in talks with banks about strategic options
- Includes an initial public offering in the coming months
- Backed by Brent Hoberman, co-founder of Lastminute.com
- Impressive financial performance over the past year with a 22% increase in sales to £212m in 2019
- Revenues accelerated further during the pandemic
- Handed share options worth around £10,000 to every member of its 650-man workforce in December
- Rapid acceleration in online shopping led to a successful 2020 despite challenging environment
- Exploring best ways to ensure resources for future growth and momentum
Made.com, the online furniture retailer backed by Brent Hoberman of Lastminute.com fame, is considering a £500m stock market floatation. The company has seen impressive financial growth over the past year, with sales increasing by 22% to £212m in 2019 and revenues accelerating further during the pandemic. In December, they handed out share options worth around £10,000 to each of their 650 employees. As online shopping rapidly accelerates, Made.com is exploring strategic options with banks for an initial public offering in the coming months to ensure resources for future growth.
Factuality Level: 8
Factuality Justification: The article provides relevant information about Made.com’s potential stock market floatation, its financial performance, and the reasons behind the decision. It cites sources such as Sky News and includes quotes from a company spokesperson. However, it lacks some specific details like the exact value of share options given to employees and the banks involved in the talks.
Noise Level: 3
Noise Justification: The article provides relevant information about Made.com’s potential stock market floatation and its financial performance during the pandemic. It also mentions the company’s decision to reward its employees with share options. However, it lacks in-depth analysis or exploration of long-term trends or consequences of decisions on those who bear the risks.
Financial Relevance: Yes
Financial Markets Impacted: Made.com’s potential stock market floatation may impact financial markets by affecting its share price and the performance of other online retailers, especially in the furniture sector.
Financial Rating Justification: The article discusses Made.com’s exploration of a potential stock market floatation worth £500m and its impressive financial performance over the past year, which could have an impact on the company’s share price and potentially influence other online retailers in the same industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme events mentioned in the article.
www.retailsector.co.uk