In 2019, the company saw revenues jump by 24.5% year-on-year to £1.1 billion, with earnings of £111.3 million.
The listing is to be one of the first major floats in London after the coronavirus pandemic halted the recovering IPO market.
Hut has employed a string of bankers to work on the deal, including Citigroup, JP Morgan, Barclays and Goldman Sachs.
The listing that could put the online retailer’s founder in line for one of the largest windfalls in corporate history.
Matthew Moulding, 48, will be awarded shares worth about £700 million if the company’s valuation reaches £7.25 billion in the next two years as part of an incentive scheme.
