Liberum acts as Co-Lead Manager on the IPO of Made.com Group Plc
We are pleased to announce that Liberum, along with the syndicate banks, has successfully raised £223m including the Greenshoe, in connection with the Main Market IPO of Made.com Group. The shares were admitted to unconditional trading on Monday, 21 June 2021.
MADE is the leading digitally native lifestyle brand in home. MADE's mission is to make high-end designer furniture and homeware products accessible to everyone. MADE sells its products across the United Kingdom, Germany, Switzerland, Austria, France, Belgium, Spain and the Netherlands via its e-commerce platform, which provides an inspiring and seamless customer experience, while its asset light vertically integrated model allows for scalability.
The placing comprised a £100m primary offering and £93.8m secondary sell down by existing shareholders and a 15% over-allotment option. The shares were priced at 200p and on admission, the Company’s market capitalisation was approximately £775m. The placing attracted strong support from high quality institutional investors and was oversubscribed.
Liberum acted as Co-Lead Manager on the IPO. The syndicate comprised JP Morgan (Sole Sponsor, Joint Global Coordinator, and Joint Bookrunner) and Morgan Stanley (Joint Global Coordinator and Joint Bookrunner). OGG Consulting acted as independent IPO consultant to the Company.
Board – David Parsons
Investment Banking – Clayton Bush, John Fishley, Louis Davies, Nikhil Varghese, Anthony Schia
Research – Wayne Brown, Adam Tomlinson, Anubhav Malhotra
Sales – Julian Collett, Oliver Baxendale, Sebastian Fernandez, Alistair Smallwood, Jamie Vickers, Mark Godridge
Legal – Rebecca Gordon, Alice Foster
Corporate and Investor Relations – Lynsey Cox, Natalie Clarke
Settlements – Mark Proctor, Robert Simpson