Online trading major IG will offer Made.com shares from the day they list. IG clients can:

• Take a position on upward and downward share price movements with spread bets or CFDs
• Buy and own the shares through share dealing

Also, IG’s partnership with PrimaryBid enables traders to subscribe to the IPO before the listing. If you do, you’ll receive a stock allocation at the same time and price as institutional investors (but only if Made.com’s shares are offered to retail investors).

The UK online furniture retailer Made.com has confirmed plans to float the company on the London Stock Exchange in June. Following a pandemic-driven boom in online furniture shopping, Made.com saw its gross sales increase to £109.5 million in the first quarter of 2021 – an year-on-year increase of 63%. The online shop also saw its active user base grow to 1.2 million people in the UK and Europe, making it one of the country’s biggest homeware retailers.

The retailer also said today that it would be attempting to raise £100 million via the issuing of new shares while existing shares held by staff will also be sold.

The Made.com share price is yet to be announced, and there is currently no prospectus available for potential shareholders. Made.com plans to launch on the LSE sometime in June 2021. A detailed prospectus with share price expectations will likely become available in preparation for the floatation.

IG notes that Made.com’s gross sales for 2020 were at £315 million with a net income of £247 million, a 30% over the previous year. This was possibly prompted by customers looking to refresh their homes when faced with the lockdown caused by Covid-19.

One thing that potential investors may be keeping in mind before the launch will be the last major float on the LSE, Deliveroo (ROO.LSE). Billed as the biggest IPO in London in almost a decade, Deliveroo’s share price plummeted almost immediately after the float, with the company losing £2 billion in value.

The founder of Made.com, Brent Hoberman stated that he is confident that Made.com’s London debut will fare better than his previous float for Lastminute.com, hoping to avoid a ‘roller-coaster’ float. He also noted that its high sales growth is evidence of a strong and sustainable business.