Phones 4u weighs up £1bn stock market debut

Phones 4u owner BC partners are considering plans to float the mobile phone retailer on the London Stock Exchange.

The move could see the firm valued at up to £1bn, and would offer BC Partners, a private equity company, the opportunity to exit the company earlier than predicted, after buying the chain for £700m just three years ago.

Phones 4u would join is high street rival Carphone Warehouse, which has performed well for investors, with shares rising by a third in the past year due to high demand for smartphones and broadband internet.

According to the FT, an IPO could take place as early as the autumn, though plans are reportedly at an early stage and no final decision has been taken.

The firm would join a list of high-street names seeking to list this year, including Game, House of Fraser, Fat Face, Poundland and Pets at Home.

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