29 May 2024, 16:07
By Furniture News Jan 28, 2015

ScS ordinary shares listed on LSE

ScS, one of the UK’s largest retailers of upholstered furniture and floorings, today announced that its entire issued ordinary share capital – consisting of 40,000,000 ordinary shares of 0.1p each – has been listed on the London Stock Exchange.

According to the Financial Times, an IPO at 175p a share valued the business at just over £70m, and raised £35m for private equity backer Sun European Partners, which retained a stake of 42%.

According to The Telegraph, owner Sun European Partners will still own 41.6% of the company, but will receive £35m from selling down a significant portion of the business – 51% will be in public hands.

The float arrives just before that of rival DFS, which is rumoured to be listed on 4th February.

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