Thursday, October 19, 2017

Eve Sleep prepares to go public

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Eve Sleep is poised to go public as it considers a stock market flotation to fund expansion plans.

The online British mattress retailer has reportedly approached broker Peel Hunt to handle the Initial Public Offering (IPO) and an announcement is expected in the coming weeks.

A source close to the retailer has suggested that it wants to fund international expansion and branch out into a wider range of products than mattresses.

A company spokesman told PA: “Eve is a rapidly growing market leader in the direct to consumer sleep sector.


 

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“As a forward-looking company, the management regularly reviews its strategic options to maximize its growth potential and shareholder value. 

“As such, all options remain open.”

Despite turning over £17 million last year amid a growing market, the company still runs at a loss.

Paul Pindar, the former Capita boss, joined as chairman last year guide the fledgling retailer.

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