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Soho House weighs roughly $2B IPO in New York

Soho House is exploring a possible IPO in New York that could value the company at roughly $2 billion, Sky News reported.

The company reportedly hired investment banks Goldman Sachs and JPMorgan to administer the listing, with an announcement likely to come around mid-2018.

The IPO potentially will involve raising "hundreds of millions of dollars" to finance the company's global expansion currently underway, Sky News noted.

The hospitality group has a presence in Barcelona, Berlin, Chicago, Istanbul, Miami and New York City and plans to launch new venues in Amsterdam and London in 2018. It also aims to expand into Asia, particularly in Hong Kong and Mumbai, as well as in Latin America, according to the report.

Soho House owns private members' clubs targeted at those in the creative industries across Europe and North America, as well as restaurants, cinemas, work spaces and spas, according to the company's website.