Hut Group goes for market float

Online retailer The Hut Group has confirmed plans for a £4.5 billion stock market listing in what will be London’s first major flotation since the coronavirus crisis struck.

The My protein, Lookfantastic and ES PA owner said it will look to raise £920 million through a share offering of 20 percent of its stock, valuing the group at £4.5bn, and is expected to start trading later this month.