Wiggle.com Flags Up Stock Market Plans In Job Ad

Wiggle.com has revealed its plans for a stock market float in a job advert placed in the Financial Times.

The online cycling retailer placed an advert in the newspaper for a chief financial officer which stated that 'IPO experience would be an advantage'. Wiggle is currently owned by private equity firm Bridgepoint and the advert was placed by retail headhunter MBS Group.

Bridgepoint told Financial News: 'We would naturally look for IPO experience in our CFO in order to keep our options open about the potential capital structure of the business in future. However, the board has made no decision about this nor has it appointed any advisers on the subject.'

It is understood that no advisers have been appointed but that a sale or float could be considered next year. Wiggle previously considered an IPO in 2011 but was instead sold by Isis Equity Partners to Bridgepoint for £180 million.

Wiggle is not the first company to reveal its plans in a job advert. Rocket Internet-backed Southeast Asian etailer Zalora last month advertised for a 'Project Manager - IPO' requiring a candidate that could 'file a registration statement with the US Securities and Exchange Commission'.