(Adds SEC filing)
LONDON, June 21 (Reuters) - The Soho House private members
club plans an initial public offering in New York under the name
of Membership Collective Group Inc. to raise up to $100 million.
"Soho House has begun the process for an initial public
offering on the New York Stock Exchange, with plans to list a
company that will be known as the Membership Collective Group
Inc., or MCG for short," founder Nick Jones said in an email
seen by Reuters.
"This move will enable us to accelerate our investment in
improving both the physical and digital elements of your
membership," he said.
J.P.Morgan and Morgan Stanley will serve as joint lead book
runners for the proposed offering. Goldman Sachs, Bank of
America and HSBC will be joint book runners. Citibank and
William Blair will serve as a co-managers.
MCG began operating as Soho House in 1995 and now has
members across physical and digital spaces, including Soho
Houses, The Ned in London as well as Scorpios Beach Club in
Mykonos.
As of April 4, the group had over 119,000 members.
(Reporting by Guy Faulconbridge; Editing by Kate Holton)
HSBC Holdings (HSBA)