boohoo.com valued at 560 million pounds in London listing

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LONDON (Reuters) – British online fashion retailer boohoo.com will list on London’s AIM market next week with a market capitalisation of 560 million pounds ($936 million) after tapping into current investor appetite for internet retail stocks. The Manchester, northern England, based firm, majority owned by its founders, the Kamani family, said on Friday it had placed 600 million shares at 50 pence, raising 300 million pounds and giving the implied market value for the company. Boohoo’s larger rival, ASOS, also listed on London’s junior market AIM, has a market capitalisation of 5. …