The Hut Group has begun trading on the London Stock Exchange this morning after its successful float raised £1.88bn, in turn pushing its market capitalisation to £5.4bn.
In a statement issued this morning, The Hut Group said it would begin trading on the London Stock Exchange from 8am following the float, which is the largest ever by a UK tech company and the UK’s largest IPO since 2015.
Based on the offer price, THG said market capitalisation for the business would be £5.4bn when it commences trading.
Chief executive Matthew Moulding said: “I am delighted that THG has received such strong support from some of the world’s largest investors, which means we have been able to achieve a highly successful offer of shares in the company.”
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