Soho House, the Richard Caring-backed private members club concept, plans to list in New York with a valuation of up to $3bn, The Times reports.

The group pulled a $2bn float in 2018, but has has now hired JP Morgan and Morgan Stanley for a second attempt and intends to make its formal filing with US Securities and Exchange Commission next month.

The 27-strong international chain was valued at $2bn after a $100m funding round last summer, though is expected to get a higher valuation in the upcoming IPO due to its being marketed as a highly rated ‘subscription’ business, as well as its position as a property and leisure organisation.

Despite the pandemic forcing the closure of clubs and emptying city centres, only 10,000 of its 110,000 members cancelled their membership, which cost £1,750 in annual fees.