Not so Secret: Travel site Secret Escapes eyeing up initial public offering in London from 2020 onwards

 
Francesca Washtell
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Sun loungers by a swimming pool
Secret Escapes specialises in luxury getaways at home and abroad (Source: Getty)

​Secret Escapes, the flash deals travel firm, is considering launching an initial public offering (IPO) in London, chief executive Alex Saint has told City A.M.

“At some point in the next three to four years I think we will very seriously consider it,” Saint said. “It’s not on the short-term radar, but it’s very much part of my thinking.”

Saint, who also co-founded the luxury travel deal site in 2011, added that despite Brexit uncertainty, the group would likely favour London.

Read more: Luxury holiday site Secret Escapes expands to France and Eastern Europe

“I have to say all the advice that we’ve had has been [to list] either in London or New York and I think because we are heavily Europe-centric right now and because we are headquartered in London it still makes a huge amount of sense for us to think about IPO in the UK."

Saint added:

I think given where we are at least two, maybe three, years away from really seriously getting into that discussion I think we’ll see how things develop but right now if you were to ask me I would say that London would be the favourite.

Secret Escapes served 1.6m customers in 2016 and more than half a million in the UK.

Read more: Secret Escapes gets $60m funding from Google

The group turned over £175m in 2015 and after its most recent expansion last year now operates in 21 territories worldwide.

Read the full interview with chief executive Alex Saint here.

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