Haji-Ioannou plots five flotations
Stelios Haji-Ioannou, the founder and chairman of Easy Group, says he plans to float up to five of his businesses on the stock market within five years.
His comments come as easyJet publishes the pathfinder prospectus for easyJet, which is set to float 25 per cent of its capital on the stock Market from November 15. The shares have been priced between 250p and 350p a share, a wide band aimed at taking into account fluctuations in stock market values.
Haji-Ioannou has outlined to Marketing Week his vision for the Easy Group businesses. He says: “I believe the Easy brand can be stretched to another three or four companies easily. If I fast forward five years, I would say I would have seven or eight Easy businesses, half of which would be in the public arena. That’s an ambitious task I know – I don’t know of any other businessmen who have been chairman of four or five public businesses at the same time.”
He says easyEverything, the Internet café chain, will be floated “next year or the year after,” and other businesses such as easyRentacar, and the soon to launch easyValue – which finds the cheapest prices for goods and services on the Web – could follow suit.
He is also launching easyMoney, which will offer cheap personal loans over the Net, and plans a chain of easyHotels.
