The Hut Group considering IPO

UK-based The Hut Group (THG) announced that it is considering proceeding with an initial public offering (IPO) and listing THG’s shares on the London Stock Exchange, according to the group’s social media.

The news comes after the group’s 2019 sales passed the $1bn mark.

THG also signed partnerships with six beauty brands in June, collectively worth £100m ($123.95m).