Deals
Soho House Valued at $2.8 Billion After Members-Only Club’s IPO
Source: Membership Collective Group Inc.
Membership Collective Group Inc., the company behind the trendy Soho House members clubs, raised $420 million in an initial public offering priced at the bottom of a marketed range.
The firm, which owns 28 Soho House clubs around the world, sold 30 million shares Wednesday for $14 each, according to a statement. Membership Collective had marketed the shares for $14 to $16.
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Soho House Valued at $2.8 Billion After Members-Only Club’s IPO