Listing badly or desperately needed flotation aid?
A shake-up of London's listing rules was proposed this week. The Financial Conduct Authority (FCA) will have to strike a balance between attracting new companies to London and protecting investors
Company
THG PLC
LON:THG
THG Holdings PLC is the parent of online retailer The Hut Group. Founded in 2004, it has become one of the world’s largest online retailers in beauty and nutrition, powered by THG Ingenuity, its all-in-one growth platform combining ecommerce tech, hosting, translation, and a complete fulfilment infrastructure.
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Hardware & electrical equipment
South West Brands targets growing UK investor interest in CBD market
The London-based firm said it is aiming to bring “scale and purpose-led products to a segment that lacks real consumer cut through”
THG valuation seems very generous but analysts see huge opportunity
THG’s Ingenuity Commerce platform, which less than a tenth of group sales, is being valued at 80x sales while peers command a multiple of around 21
THG lifts outlook after stonking online sales in December
Revenues were up 51% in the fourth quarter, better even than guidance given just a few weeks ago