Footwear retailer Footasylum has officially announced its plans to go public on the London Stock Exchange (LSE) with an expected valuation of £150 million. Following the stock market float in November the retailer will trade on London’s junior AIM market. The money raised will reportedly go towards pushing expansion, with the owners planning to more than double its 60-store estate opening 10 per year.
Footasylum set to go public with £150m IPO listing
The founders of Footasylum are reportedly planning to make the footwear retailer go public with an initial public offering (IPO). John Wardle and David Makin, who also co-founded JD Sports, are expected to make tens of millions of pounds from the IPO, which is expected to be valued at about £150 million before any new money raised through the listing