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Zeus Capital fashions £560m AIM IPO for boohoo.com

18th March 2014


Zeus Capital has acted as nominated adviser and sole broker to boohoo.com on its AIM IPO and £300 million institutional fundraise. On admission, boohoo.com plc had a market capitalisation of £560 million.

boohoo.com is the UK’s leading own-brand online fashion retailer in the online young fashion market in the UK. The business offers a wide selection of celebrity and catwalk-inspired pieces at affordable prices, with hundreds of new products launched per week focusing on the 16-24 year old market in both womenswear and menswear. From its UK base, boohoo.com has developed a number of strategic international markets and has achieved sales to over 100 countries.

The IPO is the largest by a corporate on AIM since 2006 and the second largest since AIM launched in 1995.

Mahmud Kamani and Carol Kane (Joint CEOs at boohoo.com plc) commented;
“The IPO of boohoo.com marks an exciting milestone in the Company’s development and will support us in our continued ambition to provide high quality, fast fashion at affordable prices for our fashion conscious customers around the world.

“We are delighted with the strong backing from our institutional investors and very excited about the future as a public company.

“Zeus have been an outstanding team to work with and we have been supported by a full team of highly experienced individuals who delivered on every aspect of the transaction. We look forward to continuing the excellent relationship with Zeus as our Nomad and Broker.”

Nick Cowles, Director, Corporate Finance at Zeus Capital, commented;
“We are delighted to have advised boohoo.com on its IPO, the £300 million placing will provide the Company with the required resources for its international expansion plans and has enabled a partial exit for its founding shareholders.

“boohoo.com has significant growth potential and an exciting strategy in providing on trend fashion around the world. It has been a pleasure working with a first class management team over the past 12 months and we look forward to continuing this relationship as the Company executes its strategy on the public markets.”