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PRESS: Meal replacement firm Huel mulling London IPO - FT

Thu, 25th Nov 2021 18:37

(Alliance News) - Meal replacement firm Huel is mulling a London float, the Financial Times reported on Thursday.

Huel has hired Goldman Sachs Group Inc and JPMorgan Chase & Co to advise on an initial public offering that could take place next year. The banks are also giving advice on a potential sale of the business in a dual-track process, although an IPO is seen as the preferred option, according to people briefing on the situation.

https://www.ft.com/content/bc4693be-8de3-4759-8bf0-81d53ea1a24b

Huel, which boasts being "nutritionally complete", is plant-based and available in the form of products such as powders, bars and ready-to-drink. It was founded in 2015 by Julian Hearn.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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