Bankers Are Finally Welcome at Soho House
The members club is reportedly considering a New York listing. A SPAC might be a better route to market.
Welcome.
Source: Soho House
When Soho House Holdings Ltd. opened a members club, hotel and restaurant complex called The Ned in London’s financial district in 2017, it marked a striking break with tradition. The group had snubbed finance types, preferring to draw its members from the fun-loving creative classes — advertising, TV and film folk with large expense accounts and sartorial imagination.
Now it’ll have to be more even welcoming of besuited bankers and portfolio managers, at least for the next few weeks. The company has hired JPMorgan Chase & Co. and Morgan Stanley ahead of a possible stock market listing in New York, according to The Times newspaper.