Pepco Group, the owner of brands such as Poundland, Pep&Co and the Dealz brands, has been valued at between €4.8bn (£4.1bn) and €5.8bn (£5bn) ahead of its listing on the Warsaw stock exchange.
In a publication of its prospectus for the offering, Pepco revealed the listing will consist of up to 102,718,447 existing shares, representing around 17.9% of the company’s total issued share capital at admission.
It added that purchase orders from retail investors will be accepted at the maximum price, from 6 to 13 May, with the final offer price and number of offer shares will be determined on the basis of bookbuilding among institutional investors on or about 14 May.
Andy Bond, CEO of Pepco Group, said: “We operate in the highly attractive discount retail sector and remain confident about the significant growth opportunity we see for each of our much-loved retail brands. The Group has a clear strategy to increase the number of PEPCO and Dealz stores across the breadth of Europe by more than 8,000 over the longer-term.
“We continue to invest in the business, which enables us to constantly improve our leading customer proposition, deliver the lowest prices to customers in each market and expand our infrastructure. To further enhance our profitability, we also have a clear focus on costs and delivering additional efficiencies as we grow.”
He added: “The fact that we serve more than 50 million customers a month is testament to the strength of our retail brands, which are supported by our world-class low-cost sourcing operation, Pepco Group Sourcing. Our recently expanded Board will ensure strong governance and bring significant corporate experience gained in developed and emerging markets, as well as exposure to government policy, regulation and wider public affairs.
“We have a proven track record of delivering growth and look forward to presenting our compelling investment case to both institutional investors, as well as retail investors in Poland.”
