Dusk Eyes £300M London Stock Exchange Float

Yorkshire-based homewares retailer Dusk is exploring a potential £300 million initial public offering (IPO) on the London Stock Exchange, according to Sky News, in a move that could provide a much-needed boost to the UK’s struggling listings market.

Sky News reported that Dusk is in the process of appointing advisers to oversee the float, which could take place as early as the second half of 2026, subject to market conditions.

The company is expected to be valued at around £300 million — broadly in line with the current market capitalisation of FTSE-listed rival DFS Furniture.

WELCOME BONUS - Free Share Bundle When You Invest £50! Get up to £500 cashback for investing with IG.

Invest in 15,000+ shares and ETFs. Open an account now, invest at least £50, and you’ll get a free share bundle worth between £40 and £200. T&Cs apply.

5.0

Open Account Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Founded by Jason Walker, who plans to retain a significant shareholding post-listing, Dusk has established itself as the UK’s fastest-growing pure-play online homewares and furniture retailer.

The company has reported consecutive years of record sales, with revenues surging 28% to £195 million in the year to 31 March, all without having raised external capital to fund its expansion. It has also built a customer base of over two million, with repeat buyers now accounting for more than half of all transactions.

The potential listing comes at a difficult time for London’s IPO market. Sky News reported that online travel agent Loveholidays was forced to postpone its own listing earlier this year, and the prospects for other anticipated floats — including the RAC and Waterstones — are described as “increasingly precarious” by City bankers.

Dusk’s online-only model, which allows it to offer competitively priced products by minimising overhead costs, has helped it thrive where rivals such as Made.com have failed. Dusk declined to comment.