Boohoo.com confirms future IPO

Trendy online retailer Boohoo.com confirmed today its plans for a initial public offering sometime

early next year.

Previously there had been rumors circulating that plans for an IPO had to be put on hold because investors were put off by the 500 million pounds valuation. However today a spokesperson for the company stated that “an IPO is expected in Q1 2014”.

The online retailer hopes to catch up to its main competitor and rival Asos, which was first listed on AIM in 2000 and is currently valued at 4 billion pounds.

Boohoo.com has hired the Manchester-based private equity firm Zeus Capital in June to help advise them on the upcoming IPO. Zeus helped the firm Conviviality Retail, the company behind Bargain Booze, successfully listed on AIM early this year.