(Alliance News) - Financial administrator outsourcer Equiniti Group PLC on Monday confirmed that it is acting as share registrar and share plan manager for online retailing platform THG Holdings PLC - which trades as The Hut Group.
In September, THG floated on the London Main Market by raising GBP1.88 billion through the issue of 376 million shares at 500 pence each, making it the UK's largest IPO of 2020.
Shares in THG were up 1.8% at 618.20 pence on Monday in London, giving a market capitalisation of GBP6.00 billion.
In 2020 so far, Equiniti has acted as registrar on five London Main Market initial public offerings in 2020, and has won six new share registration clients from competitors, including one company listed on the FTSE 100.
"We are delighted to have supported THG's successful IPO and are excited to continue our work with the company as its share registrar and share plan provider," said Chief Executive Guy Wakeley.
"Although 2020 has been a time of extraordinary disruption, EQ now has a strong pipeline of IPOs stretching into 2021, as London continues to serve as the venue of choice for companies to access a broad base of international investors," Wakeley added.
Shares in Equiniti were up 0.6% at 110.40 pence on Monday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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