Poke House looks to London IPO and aggressive UK expansion

Poke House has revealed plans to pursue an IPO in London and New York, as well as open 65 sites in the UK over the next two years.

Last year, the group acquired Ahi Poke and opened its first UK restaurant, with six sites now open across London and a further 80 restaurant openings planned across the UK, Europe and the United States this year.

The Italian foodtech company, which was launched at the end of 2018 by entrepreneurs Matteo Pichi and Vittoria Zanetti, closed 2021 with nearly €40m (£33m) in annual revenues and is projecting more than €100m (£83m) in 2022.

The group also recently expanded into the USA with an investment into poké brand Sweetfin, which has 14 sites.

Pichi, co-founder and chief executive said: “We’re entering the American market through the main door, and in partnership with an iconic brand which is loved by locals, one that has made the Californian inspired poké a real institution. We’re very excited to see the business grow globally over the next few years and are hoping to move forward with an IPO in both New York and London.”