Online retailer The Hut has ruled out a float this year after technology groups listing on the stock market have endured a rollercoaster ride.
Its chief executive,
The Hut, which operates a portfolio of specialist retail sites including the entertainment e-tailer Zavvi and gifts site Iwantoneofthose, reported profits of pounds 3.9m in the year to 31 December, up from pounds 308,000 a year before as total sales rose 17% to pounds 184.3m.
Moulding told the Financial Times: "You have seen [some very high] valuations. Everyone needs to see how that settles down first. We don't have any need to get caught in that crossfire." He said the company was likely to seek a listing in the next two years.
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