British online retailer The Very Group has expressed its plans to revive £4 billion IPO in mid-2023.
The e-tailer had been putting efforts to an IPO last year, but had to drop the plans amidst growing volatile market.
Sadly, the situation has only worsened following the onset of Russia-Ukraine conflict.
The Very Group, reportedly, has offered incentives to senior leaders at the firm for pulling off a flotation.
However, some experts question whether the retailer can achieve the £4 billion valuation, considering other online bigwigs like Boohoo and Ocado have seen their share prices plummet in last few months.
Notably, last year, the retailer refinanced £550 million of debt – in preparation for an IPO.
Founded in 2005, the Group’s brands are Very.co.uk, Littlewoods.com, Very Exclusive and Littlewoods Ireland.
