ManoMano Weighs IPO as Home Improvement Market Booms
ManoMano Weighs IPO as Home Improvement Market Booms
(Bloomberg) -- ManoMano, the online marketplace for do-it-yourselfers in Europe, is weighing an initial public offering, according to people familiar with the matter.
The Paris-based e-commerce platform is studying plans for an IPO as soon as the first half of 2022, the people said, asking not to be identified discussing confidential information. The French capital is a possible listing venue, one of the people said.
Founded in 2013, ManoMano represents more than 3,600 retailers selling a range of tools and furnishings for the home and garden. It employs 800 staff and operates across France, Belgium, Spain, Italy, Germany and the U.K., according to its website.
In July, ManoMano raised $355 million in a funding round that valued the company at $2.6 billion. The round was led by Dragoneer Investment Group LLC and included Temasek Holdings Pte., General Atlantic, Eurazeo SE and Bpifrance.
Deliberations are ongoing and ManoMano could opt not to pursue an IPO, according to the people. A representative for ManoMano said the company isn’t confirming the information, without commenting further.
The DIY market has boomed during the Covid-19 pandemic, with people locked down for much of the last 18 months and focused on fixing up their homes.
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