Flatpack Flotation?

There are rumours abound that IKEA is about to seek an IPO.

Well, some unscrupulous characters would have us believe that. It seems that members of the public are being called by fraudsters, pretending to be pukka brokers, and offering to sell them shares in IKEA.

The warning comes from the National Fraud Intelligence Bureau and it said in a recent announcement:

“The fraudsters are claiming that IKEA is due to float shares on the stock market and potential investors are being offered to purchase IPO shares (Initial Public Offering) before the floatation. This claim is FALSE; IKEA is owned by a foundation to ensure longevity, and has no plans to be publicly listed.”

So if you get a call from someone offering you a chance to buy a piece of the Swedish retail giant, put the phone down.

The fact that IKEA is not seeking an IPO is a shame – it would have given us the chance to crack a few jokes about the Prospectus missing a few vital parts. Ho, ho, ho…

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