Made.com founders to scoop a £200 million payday when the company floats on the stock exchange
The founders of Made.com will scoop a payday of up to £200million when the company floats on the stock exchange.
Lastminute entrepreneur Brent Hoberman started it in 2010 with Ning Li, Chloe Macintosh and Julien Callede – and the quartet now hold between 15 per cent and 20 per cent.
A float could value it at £1billion which would make the founders’ combined stakes worth between £150million and £200million.
Windfall: Lastminute.com entrepreneur Brent Hoberman, left, started the company in 2010 with Ning Li, right, Chloe Macintosh and Julien Callede
Made will seek to raise £100million in the initial public offering to invest in growth in Europe and boosting its homewares range.
Sales jumped 30 per cent to £315million in 2020. It is aiming to top £1.2billion by 2025.
Chief executive Philippe Chainieux said: ‘Customers will spend more on their homes in future, and more will be spent online.’
It has two UK showrooms and a handful in Europe, but remains focused on being an online player.
It is doubling its warehouse space at London Gateway, with plans to add 100 staff to its 400-strong team. The listing is set to take place within weeks.