Soho House still has plans for global domination despite its lacklustre IPO.
The private members’ club listed last week at $14 a share, right at the bottom end of expectations, and then fell nearly 10% on the first day of trading.
Soho House set aside 7% of shares for members, but some have been spooked by its expansion plans.
Founder Nick Jones says they have nothing to fear. “The fact that we’re opening new clubs everywhere means that we’re offering much more for our members,” he said.
