Soho House may be on the cusp of becoming a public company as it gears up for a stock market listing that could value the upmarket private members’ club at as much as $2 billion.
In what might be seen as a blow for the City, Soho House is expected to seek a New York listing 23 years after the first of what is now an 18-strong portfolio of clubs opened.
Nick Jones, 54, the founder, would see his 10% stake valued at about $200m if it achieves its hoped-for valuation, the 30 per cent holding of Richard Caring, 69, owner of The Ivy who made his fortune in the retail industry, would be valued at more than $600 million.
Soho House’s largest shareholder is Ron Burkle, 65, an American billionaire investor whose 60% shareholding would be worth $1.2bn.
