FASHION retailer SuperGroup has said it will go ahead with its stock market listing and expects to receive a valuation of £395m.
The company – which has the Superdry brand sported by celebrities including David Beckham – has valued its shares at £5 each
The firm's share offer comprises a private placement to institutional investors and an offer to retail investors, representing 31.7 per cent of its share capital.
It will raise about £120m after costs.
Of this 105 million pounds will go to management with the £15m balance used to bankroll growth growth.
SuperGroup said the institutional offer had been "heavily oversubscribed." The retail offer opens on March 15.
Seymour Pierce is acting as sponsor and sole bookrunner.