Accoding to Reuters, DFS has set the range for its IPO at 245-310p per share, thus valuing the company at £585m at the middle of the price range.
The company expects to raise £98m through the listing on the London Stock Exchange.
DFS reported "continued strong momentum" in its latest financial report, covering the 13 weeks ending 1st November 2014. The quarter saw continued momentum in sales and EBITDA for DFS, with group gross sales up 15.3% to £197m (2013 – £170.8m), including acquisitions.
Final pricing is expected on or around 6th March, with listing on 11th March.
