1 minute ago by Reuters1 minute ago by Reuters1 minute ago by Reuters1 Reuters (Reuters) – The Soho House private members club announced on Tuesday that it aims to raise up to $480 million in an IPO in the United States, with a target valuation of $3.21 billion. Soho House intends to sell 30 million shares of its Class A common stock on the New York Stock Exchange for $14 to $16 each. It has applied to have its shares listed on the NASDAQ under the ticker “MCG.” The company originated as Soho House in 1995 and currently has members in both real and digital spaces, including Soho Houses, The Ned in London, and Scorpios Beach Club in Mykonos. The club had over 119,000 members as of April 4th. The joint book-running managers for the offering are J.P. Morgan, Morgan Stanley, BofA Securities, Goldman Sachs, and HSBC. Sohini Podder contributed reporting from Bengaluru, and Aditya Soni edited the piece./n
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