PRESS: Athletic apparel maker Gymshark eyes London float - Sky News

(Alliance News) - Gymshark Ltd has begun planning for a London stock market listing of the ...

Alliance News 12 October, 2021 | 9:21PM
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(Alliance News) - Gymshark Ltd has begun planning for a London stock market listing of the athletic apparel brand, roughly a year after hitting a GBP1 billion valuation, Sky News reported on Tuesday.

Solihull-based Gymshark, which makes fitness gear, accessories and equipment, has held early talks with institutional investors and investment banks, Sky News reported.

London is the likely location for a float of the company, which was founded in 2012 and with the help of social media, has amassed a large following among millennials.

Citing a person familiar with the matter, Sky News reported an announcement could come in the next few months.

https://news.sky.com/story/gymshark-founder-and-bankers-limber-up-for-stock-market-debut-12431949

In August of last year, New York-based private equity firm General Atlantic snapped up a 21% stake in Gymshark, in a funding round which valued the company at GBP1 billion. Gymshark Founder Ben Francis holds over a 70% stake.

By Eric Cunha; ericcunha@alliancenews.com

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