In less than 18 months online furnishings and homewares retailer Made.com (LON: MADE) has gone from a company valued at £775m to one that could be worth nothing to its shareholders. It is important to point out that this is a fully listed company and not an AIM-quoted one. Trading in the shares is set to be suspended.
In June 2021, there was £100m raised at 200p a share. The advisers took £10.2m of this in expenses, but there was still plenty of cash left in the business after repaying debt ...
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