Online furniture specialist Made.com is considering options including a flotation that could value it at more than £500m.
Made.com is conducting discussions with banks about advising on strategic options, including a stock market listing in the coming months, Sky News reported.
However, it is understood that no formal decision has yet been made about an IPO by the retailer, whose backers include Lastminute.com co-founder Brent Hoberman.
Alongside a stock market listing, Made chiefs are also likely to consider the sale of a stake to a new investor or an outright sale, City sources told the broadcaster.
Made.com’s most recent accounts showed revenues up 22% to £212m in 2019. Since then revenues have accelerated further, insiders said.
A strong financial performance last year would provide solid foundations for a flotation if that course was decided upon, one person maintained.
It was thought likely that Made.com would be valued at more than £500m and potentially almost £1bn.
Online retailers have thrived during the Covid-19 pandemic when their market share rose to new heights. Their success has prompted a rush to market.
Following the IPO of The Hut Group last autumn, online greetings card specialist Moonpig has also floated, while others such as Deliveroo and Beauty Bay are also thought to be considering stock market listings.
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