Private members’ club Soho House has filed for an initial public offering in New York expected to value the company at more than $3bn.
The group plans to list under a new name, Membership Collective Group, and will offer some 119,000 members the chance to apply for shares.
The funds raised are expected to reduce the group’s debt and fuel expansion.
Soho House owns private members clubs in North America, Europe and Asia. It has laid out an aggressive expansion plan post-pandemic, in a bid to tap a wave of investor enthusiasm for travel and leisure sticks as lockdown restrictions ease and vaccination programmes are rolled out.
