{"id":62180,"date":"2018-02-05T05:22:07","date_gmt":"2018-02-05T05:22:07","guid":{"rendered":"http:\/\/www.bnreport.com\/private-member-club-giant-soho-house-is-mulling-a-2bn-new-york-float\/"},"modified":"2018-02-05T05:22:07","modified_gmt":"2018-02-05T05:22:07","slug":"private-member-club-giant-soho-house-is-mulling-a-2bn-new-york-float","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/private-member-club-giant-soho-house-is-mulling-a-2bn-new-york-float\/","title":{"rendered":"Private member club giant Soho House is mulling a $2bn New York float"},"content":{"rendered":"

Private members' club giant Soho House is plotting a $2bn (\u00a31.4bn) float on the New York stock market.<\/p>\n

Founded by entrepreneur Nick Jones, the network of clubs, restaurants and workspaces has sites across the world, with recent additions including the City's new hotspot The Ned.<\/p>\n

The company has now hired bankers from JPMorgan and Goldman Sachs<\/a> to oversee funding options, Sky News first reported.<\/p>\n

This is most likely to take the form of an initial public offering (IPO) in New York, with an announcement expected later this year.<\/p>\n

Nick Jones is the founder of the clubs, which have become a hotspot for the rich and famous (Source: Getty)<\/p>\n

The choice of New York over London is understood to be due to the US's status as a key market for future expansion.<\/p>\n

A float could raise millions to fund the expansion of the group, which already has a presence in global locations such as Berlin, Mumbai, and New York.<\/p>\n

The company's turnover has increased rapidly on the back of expansion, with takings up 23 per cent in 2016 to \u00a331.7m<\/a>. A similar rate of growth was shown in the first half of last year.<\/p>\n

Originally intended as a members' club for media executives, Soho House has evolved to include cinemas, restaurants and even a range of furniture for members who want to "take the House home".<\/p>\n

Its locations have also become party hotspots for the rich and famous, hosting bashes for the likes of Tracey Emin and Colin Firth.<\/p>\n

Read more<\/strong>: Soho House founder Nick Jones says the City is cool now<\/a><\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

[contf]
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CityAM<\/a><\/h5>\n

[contfnewc]
\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"

Private members' club giant Soho House is plotting a $2..<\/p>\n","protected":false},"author":1,"featured_media":62181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-62180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nPrivate member club giant Soho House is mulling a $2bn New York float - Business News Report<\/title>\n<meta name=\"description\" content=\"Private members' club giant Soho House is plotting a $2..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/private-member-club-giant-soho-house-is-mulling-a-2bn-new-york-float\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Private member club giant Soho House is mulling a $2bn New York float - 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