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Business

Published on September 8th, 2013 | by The GC Team

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DRL preparing for flotation on London Stock Exchange

DRL Limited, owner of ao.com (formerly Appliances Online), is said to have chosen advisers to assist with a £300 million flotation on the London Stock Exchange.

Sky News reported that DRL founder John Roberts has hired investment banks Jefferies and JP Morgan to prepare a public listing that could take place by the end of the year.

Roberts, who is being advised by Rothschild, could earn around £60 million from his 20% stake in the company if it floats, according to Sky News.

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