The Hut Group (THG) has picked seven banks to work on a potential flotation that would value the beauty e-commerce firm at £4.5bn.
According to Sky News, the Manchester-based company has hired Citi, JP Morgan, Barclays, Goldman Sachs, HSBC, Jefferies and Numis to oversee what would be London’s biggest IPO of 2020.
City sources told the news channel that the quintet of banks had been hired in recent days, with a view to a £1bn sale of new and existing shares in THG possibly taking place as soon as September.
Read the full article on the Sky News website
