In a stock market announcement today, the firm said the company generated £96.8m in revenues in 2013, an increase of 61% from 2012.

It is currently working in 13 markets and hopes the IPO will secure £100m to launch into less-developed markets.

Meanwhile, luxury shoe retailer Jimmy Choo, owned by Labelux, is gearing up for a Hong Kong IPO, according to reports. The firm is in preliminary talks, according to Bloomberg, about an IPO which would raise money to expand into Asia. The firm could be worth up to £1bn.

There has been much activity on the IPO front in London with firms such as Boohoo.com and Poundland floating in recent weeks.

Last week, budget fashion retailer Boohoo.com saw its shares leap 70% to 85p from an offer price of 50p. The firm is now valued at almost £900m.

However, City experts have cautioned over the high volume of IPOs recently, especially of online firms, which some have likened to the tech bubble of the early 2000s.