Flotation could land founder a giant windfall but investors should tread carefully
Thursday 03 Sep 2020 Author: Ian Conway
Online retail firm The Hut Group , the Manchester-based owner of the Lookfantastic website, is to raise £920 million in a stock market listing, valuing the business at £4.5 billion. The planned share offering would be the biggest this year on the London market and the first since the coronavirus pandemic, though in our view, there are several red flags around this offering. Hut Group, whose other brands include...