Electrical goods retailer Dixons has confirmed it is considering a stock market flotation for a minority stake in its hugely-popular free Internet service Freeserve. Dixons stock rocketed 8% on the news as investors anticipated what could be the most popular share issue of the year.
The company said it had appointed City advisers Credit Suisse First Boston and Cazenove & Co to examine its options for the business, which has put on more than a million subscribers in its first six months of operating (see Dixons’ Freeserve Takes No. 2 Spot, According To BMRB Research).
Dixons: 01442 888 588
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