European online auctioneer QXL could be about to join US rival eBay in floating on the stock market.
QXL has grown phenomenally since its launch in 1997 and has appointed Credit Suisse First Boston, the company that advised in Freeserve's float, to look for financial opportunities.
A spokesman for QXL said it was too early to say whether this meant the company was about to float, as it was still raising finance, but admitted that when a company gets a big as QXL as quickly as it had, then it needs to evaluate its options.
Market estimates value QXL at around £750 million, compared to eBay's latest market capitalisation of $18 billion, or $143.625 per share.
QXL was set up in 1997 as Europe's first online auction house offering person to person and business to business auctions. The company boasts sales of £10 million a year generated from its sites in the UK, Germany, France and Italy.
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