Boohoo float to raise £300m

ONLINE fashion retailer Boohoo will raise £300m when it floats next week.

The Manchester business has placed 600 million shares at 50p each with institutional investors, giving it a market value of £560m.

The Dale Street firm was founded in 2006 by joint chief executives Madmud Kamani and Carol Kane and is considered to be the UK's leading own-brand fashion retailer.

The float represents a major windfall for the Kamani family which is selling around half of its 84% stake. Carol Kane is also selling aro... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...