Report: The Hut Group (THG) Plans $5.95 Billion IPO

Aug 28th, 2020

Jacquelyn Schlabach

The Hut Group plans to list in mid-September at least 20% of its stock.

The Hut Group plans to list in mid-September at least 20% of its stock.

The Hut Group, after exploring an IPO with several investment banks in July, plans to list at least 20% of its stock in mid-September, selling 920 million pounds in new shares and offering some existing shares for sale, according to Reuters.

The IPO is valued at $5.95 billion or 4.5 billion pounds, said to be one of the biggest listings of a British company since 2013.

According to Reuters, The Hut Group has benefited from an online shopping boom during the lockdowns.

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