is set to confirm its initial public offering in London after the Covid-19 pandemic helped accelerate growth.

An IPO for the online furniture retailer, co-founded by entrepreneur Brent Hoberman, will see some existing investors sell shares but also raise new money, and could value the business at anything up to £1bn, according to people briefed on the process.

An announcement could come as soon as next week, just days after private equity company Electra said it would float casual dining chain TGI Fridays and shoe retailer Hotter.

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Source: Financial Times

By Jonathan Eley