European IKEA rival Home24 moves closer to listing

German online retailer Home24, which wants to challenge IKEA's dominance of the European furniture market, is moving ahead with plans for a stock market listing in the coming months, sources close to the deal said on Thursday.
Home24 has mandated Goldman Sachs, Citi and Berenberg for the initial public offering, sources said, with an intention to float in May/June and the offer volume expected at 100 million-200 million euros ($123 million-$247 million), potentially valuing the firm at 500 million-600 million euros.