Hundreds of staff to cash in shares in float that could value furnishings website at more than £1bn
The online furnishings seller Made.com is planning to raise £100m via a stock market listing expected to value the British company at more than £1bn and allow hundreds of staff to cash in shares.
About 600 staff including senior managers will be able to sell shares worth more than 5% of the company, or £50m, as part of the listing. That is half the 10% to 15% in share options, worth up to £150m, they were collectively handed by the company in December.
