PRESS: Online travel agent Loveholidays delays IPO on MidEast war - FT

(Alliance News) - Loveholidays, an online travel agent that was expected to be the first major listing on the London Stock Exchange in 2026, is considering a delay to its initial public offering because of the travel chaos caused by the war in the Middle East, the Financial Times reported on Tuesday.

Loveholidays had been expected to announce plans to float in early March, aiming for a valuation of GBP1 billion, according to the FT.

However, it is now considering a delay, the newspaper said, citing "people familiar with the matter". A new date could be after the Easter holiday, one of the people said.

Easter falls on April 5 this year, and the four-day holiday weekend is normally a heavy travel period.

Loveholidays is being advised by Rothschild, Barclays, JPMorgan and Investec, the FT said.

By Tom Waite, Alliance News editor

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