After declaring its intention to float on the London Stock Exchange, Made.com has confirmed that its offer price will be set at 200p per share. Based on this, the company’s market capitalisation will be approximately £775.3m at the commencement of market dealings.

CEO Philippe Chainieux says: “The IPO is an exciting milestone for Made. I would like to thank everyone who has been a part of our growth journey, especially our employees, as we deliver on our vision of becoming the leading home destination in Europe for digital natives. Our successful track record in the UK and internationally has been made possible with the foundations that we have built over the last 11 years - a unique combination of a well-recognised brand, a proprietary, data-driven platform, and a bespoke, vertically integrated supply chain connecting our network of designers, artists and collaborators with our customers.

"A listing in London, where the business was founded, will enable us to accelerate our growth as we lead the development of the online furniture and homewares market as it moves online, both in the UK and internationally.”

The offer comprises 50 million new shares (raising gross proceeds of £100m) and 46.9 million existing shares, to be sold by existing shareholders – equating to a total offer size of £193.8m.

A further 14.5 million shares will be made available by certain shareholders taking the over-allotment option – which, if exercised in full, would increase the number of shares in the global offer to 111.5 million (29% of the company’s issued share capital at the time of admission).

The commencement of unconditional dealings is expected to take place at 8am (GMT) on 21st June. Full details of the offer can be found here.