ASOS to list on London Stock Exchange

Online fashion retailer ASOS has announced that it is listing on the London Stock Exchange.

The last day of trading of the company’s ordinary shares on AIM will be today.

"ASOS has set out a clear plan to deliver an ambitious growth strategy over the next three to four years and to deliver on the sizeable opportunities ahead for our business,” said Mat Dunn, ASOS chief operating officer and chief financial officer. “Against this backdrop, the time is now right to move to the Main Market.”

Dunn added: “I would like to take this opportunity to thank the teams who worked so hard over the past few months getting ready for today, and to all ASOSers for their ongoing dedication and commitment."

In January, the digital retailer revealed it had faced supply chain constraints and volatile market demand in the final four months of 2021, which it said was driven by a significant increase in Covid-19 caseloads across the UK, Europe, and US.

During the 16-week period to 31 December, total group revenue reached £1.39 billion, up by five per cent in comparison to 2020. ASOS explained that this was in line with guidance, despite industry-wide issues across the supply chain and uncertainty following the discovery of the Omicron variant.

The retailer also opened a new £90m warehouse in Staffordshire which will hire 2,000 people over the next three years.

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