Boohoo Looks Into Listing on London Stock Market

Reportedly, Boohoo is looking into listing themselves on the London Stock Exchange.

Rivalling fellow online retailer Asos, who listed on the Stock Exchange back in 2001 for 20p a share are now valued at around 4 billion pounds. Boohoo, which was co-founded seven years ago by Mahmud Kamni, recently launched into menswear, resulting in 79% rise in profits. Sales in the year of February 2012 reportedly reached £29million.

 

Boohoo has recently expanded to menswear

The company, which are currently based in Manchester will be working closely with one of their investors; private equality firm Zeus, on the best strategy in listing on the Stock exchange, as well as potential selling of the e-tailer. Zeus last month successfully advised Conviviality Retail, owner of Bargain Booze on a £64m float.