Holiday Extras mulls float to breathe life into moribund London IPO market
A privately owned firm which sells airport transfers and journey insurance coverage is exploring a inventory market flotation that might assist to breathe contemporary life into the City's moribund IPO pipeline.Sky News has learnt that Holiday Extras, which was based in 1983 by Gerry Pack, is drawing up plans for a attainable future itemizing.
Travel trade sources mentioned the timing and measurement of a flotation had been but to be decided, whereas it was unclear on Thursday whether or not advisers had been appointed to work with the corporate.Market circumstances are unlikely to be opportune for an IPO for a while, one investor mentioned.Holiday Extras staged a administration buyout in 2018, which resulted in Mr Pack, its administration staff and an worker profit belief pr...