Loveholidays is preparing for a potential London stock market flotation that could value the online travel agent at around £1bn, or approximately $1.3bn, in one of the most closely watched UK IPOs of the year.

Sky News reported that the company is targeting a March launch, although the timetable could be delayed depending on market conditions. Investec has joined Barclays and JPMorgan in the banking syndicate, while Rothschild is advising Loveholidays’ private equity owner, Livingbridge.

Founded in 2012, Loveholidays has grown into one of the UK’s largest online travel agents, specialising in trips to the Greek islands, mainland Spain, and the Canary Islands. The company operates in several European markets and organised holidays for more than 5m customers in 2024.

Financial performance has improved sharply since the pandemic. Loveholidays reported pre-tax profits of £67.6m on revenues of £284m for the year ended October 2024, representing a year-on-year increase of about 20%.

A successful IPO would represent a significant exit milestone for Livingbridge, which has backed the business since 2018. It would also provide a rare boost for London’s equity markets, which have struggled to attract high-profile listings in recent years.

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