1 September 2020
- Adrian Cartwright, Steven Fox, Christopher Sullivan, James Bole, Edward Holmes, Paul Foote, Monica Gemes, John Connolly, Conor Maguire, Benjamin Morgan, Christopher Osborne
Clifford Chance advises The Hut Group on London's biggest IPO in 2020
Leading international law firm Clifford Chance has advised The Hut Group, the global consumer brand & technology group, on its initial public offering (IPO), which raised £920 million pounds ($1.21 billion) for the company.
The IPO is the first major IPO in London since the Coronavirus crisis started. The company listed its ordinary voting shares, using a fixed offer price that gave it a pre-listing valuation of around £4.5 billion.
Clifford Chance has a longstanding relationship with The Hut Group and has advised on many of the firm's previous deals ahead of the IPO.
The Clifford Chance team was led by Global Practice Area Leader for Capital Markets Adrian Cartwright, Corporate Partner Steven Fox and Relationship Partner and Corporate Partner Chris Sullivan. Corporate aspects were also provided by Partner James Bole, Senior Associates Edward Holmes and Paul Foote, and Lawyer Monica Gemes. Capital Markets aspects were provided by Partner John Connolly and Senior Associates Conor Maguire, Benjamin Morgan and Christopher Osborne.