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The Hut Group’s Planned $1.2 Billion IPO Breaks London Lull

  • Company expects to raise proceeds of 920 million pounds
  • Listing equates to equity value of 4.5 billion pounds
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British e-commerce company The Hut Group Ltd. plans to sell 920 million pounds ($1.2 billion) of new shares in an initial public offering, breathing life into an IPO market that has seen little activity this year.