Home 5 News 5 Waterstones Eyes London Stock Exchange Debut

Waterstones Eyes London Stock Exchange Debut

by | Dec 5, 2023 | News

 

Waterstones may be floated on the London Stock Exchange, according to the Financial Times.  James Daunt, MD of Waterstones and Barnes & Noble, has told the newspaper that a stock exchange listing “would be a very sensible place” for the bookseller group.

 

Daunt said: “In terms of the ownership of a business which is growing, but not now dramatically, I would have thought it would be in the public markets.  We will pay a very nice dividend for a pension fund-type investment rather than being in private equity.  [A workforce that “is extremely vocational and extremely committed” [lends itself to a] “stable ownership focused on the medium to long term”.

 

Daunt added that he had explored an IPA (initial public offering) for the group in 2018, but the timing wasn’t right because their owners, the private equity group Elliott, was tied-up with the acquisition of Barnes & Noble.

 

According to the Bookseller, Waterstones’profits after taxation soared 1,352% to £42.1m in the year to end April 2022 from £2.9m in 2021 – a massive recovery after the company’s finances plunged during multiple lockdowns.

 

 

Recent News

04Mar
Arrow Gate Secures Sam Martin’s Bitterblue Rights

Arrow Gate Secures Sam Martin’s Bitterblue Rights

Arrow Gate Publishing secures the rights to Sam Martin’s third literary venture, “Bitterblue.” In an exclusive deal, Sandra David, the publishing director, has acquired the global rights directly from the accomplished screenwriter. The novel is set to hit shelves worldwide on July 23, 2024. “Bitterblue” promises readers a distinctive experience, offering a thrilling journey through […]

04Mar
“14 Days”: Lockdown Tales by 36 Authors

“14 Days”: Lockdown Tales by 36 Authors

  Collectively written by 36 American and Canadian authors whose work spans a variety of literary genres, “Fourteen Days” follows a cast of characters trapped in their New York apartment building in the early weeks of the Covid-19 pandemic, and during — as its title suggests — 14 days of lockdown. The twist lies in […]

04Mar
A Poet is Filling Prisons with Literature

A Poet is Filling Prisons with Literature

At age 16, Reginald Dwayne Betts was tried as an adult and sentenced to prison. After surviving solitary confinement, he is now a poet, lawyer and award-winning MacArthur “genius” grant recipient. He’s also a man on a mission: in 2020, with a grant from the Mellon Foundation, he founded Freedom Reads, a first-of-its-kind initiative that […]

Related Posts

“14 Days”: Lockdown Tales by 36 Authors

“14 Days”: Lockdown Tales by 36 Authors

  Collectively written by 36 American and Canadian authors whose work spans a variety of literary genres, “Fourteen Days” follows a cast of characters trapped in their New York apartment building in the early weeks of the Covid-19 pandemic, and during — as its...

A Poet is Filling Prisons with Literature

A Poet is Filling Prisons with Literature

At age 16, Reginald Dwayne Betts was tried as an adult and sentenced to prison. After surviving solitary confinement, he is now a poet, lawyer and award-winning MacArthur “genius” grant recipient. He’s also a man on a mission: in 2020, with a grant from the Mellon...

Vilnius Fair: Nurturing Young Readers

Vilnius Fair: Nurturing Young Readers

The Vilnius Book Fair recently concluded its literature extravaganza at LITEXPO from February 22 to 25 In Lithuania. This grand Baltic festival, known for its diverse program, showcased a special focus on educating young readers.   The Hall of Young Readers, a...

Previous Next
Close
Test Caption
Test Description goes like this

Pin It on Pinterest