Made.com has confirmed that it plans to float on the London Stock Exchange (LSE) later this month and unveiled part of its plans the upcoming IPO.
The London-based online-only furniture retailer could see its value reach £1bn as a result and is also set to raise more than £100m through the IPO.
As a part of the flotation, some of the firm’s current investors will sell their shares.
Also, up to 600 current employees will be able to sell shares – which are currently worth 5% of the company.
Made.com originally appointed global financial giants JP Morgan, Morgan Stanley and Liberum to create the plans for the upcoming IPO.
Chief Executive Officer at Made.com, Philippe Chainieux, said: “I am pleased to announce our confirmed intention to list here in London, where Made was born. Over the last 11 years, Made has been revolutionising the home and living sector by providing our customers across Europe with a curated range of high-quality, responsibly made, affordable products, underpinned by exclusive designs.
“The business is fast growing, with a proven brand and customer proposition that travels well. We are excited to embark on our next chapter as we act on the huge opportunity for growth and deliver on our vision to become the leading home-lifestyle destination in Europe for the digital native.”
According to the company, the money raised from the IPO would be used to scale-up its production and increase its range of items available.