VAT refund giant Global Blue picks banks to handle £3bn flotation
The VAT refund
Sky News has learnt that Global Blue, which is controlled by the investment funds Silver Lake and Partners Group, has lined up Goldman Sachs, JP Morgan and Morgan Stanley to work on an initial public offering (IPO).
A flotation would be expected to value Global Blue
The company's owners want to take advantage of an explosion in demand from international shoppers for its services, which include tax-free retailing in more than 300,000 shops globally.
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