Soho House Files Confidentially in Potential $3 Billion Bid To Go Public
Skift Take
Exclusivity going public, like SoHo House's initial public offering, is a further signal luxury brands are poised for a major upswing on the other side of the pandemic.
Soho House, a global chain of members-only clubs, quietly moved this week to go public on the New York Stock Exchange.
The company confidentially filed paperwork with the U.S. Securities and Exchange Commission for an initial public offering that would value the company at more than $3 billion and could even get as high as $4 billion, Sky News reports.
Despite the pandemic leading to temporarily suspended operations at many of its 27 clubs and layoffs of 1,000 staffers, Soho House was also somewhat of a resilient entity during the last year.
