French furniture store chain Maisons du Monde is preparing its IPO, which should bring in 150 to 180 million euro. The goal is to enter the Parisian stock exchange this summer.
“Everything has been put in motion to launch an IPO this summer", CEO Gilles Petit told during a press conference. He failed to give any additional information, but said those would be revealed in May, after the first quarter results are published.
Only last month, Maisons du Monde mentioned a possible IPO this year, if the market circumstances were positive. It will use the acquired funds to continue its international expansion.
Three investment funds, Bain Capital, LBO France and Apax Partners own the chain since 2013, after they paid 680 million euro. It has 262 stores in Europe, with a 700 million euro turnover.