Manchester technology company The Hut Group has announced its intention to float on the London Stock Exchange.
The health and beauty group, employing over 7,000 people, achieved year-on-year revenue growth of 24.5% in 2019, reaching £1.1bn.
Making the announcement to the markets on Thursday, the firm said it intends to have a free float of at least 20% of its issued share capital and a fixed offer price equating to £4.5bn pre-money equity value.
The firm, with brands including sports nutrition company Myprotein and makeup line Lookfantastic, hopes to raise £920m through the sale.
Matthew Moulding, founder, CEO and chairman of THG said: "Our intention to float THG on the London Stock Exchange reflects the achievements of the past but also our strong belief in the significant potential for THG in the future.
"THG has enjoyed strong growth since being founded in 2004, employing more than 7,000 people and establishing a track record of consistent delivery for our customers.
"The brands we own today give us leading strategic positions in prestige beauty and nutrition, powered by Ingenuity, our differentiated proprietary direct-to-consumer e-commerce solution."
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The announcement said the move will mean new shares issued by the company, raising gross proceeds of around £920m, plus an offer of existing shares to be sold by certain existing shareholders.
The firm said it believes that the offer will further support THG's growth plans by increasing its public profile and brand awareness - as well as providing a base of long-term shareholders and potential liquidity opportunities for shareholders.
Mr Moulding added: "Ingenuity powers not just our brands but those of many other leading consumer brand owners around the world creating a highly resilient, vertically integrated business with significant growth opportunities."