Pepco Group, the owner of British clothing brand Pep&Co, has been valued at £5 billion, as the Group launches initial public offering (IPO).
The offering is directed to retail and institutional investors in Poland and includes up to 102,718,447 current shares – that’s 17.9 per cent of company’s total issued share capital at admission.
Here it is important to mention that Pepco Group is listed on the Warsaw Stock Exchange Market.
Notably, purchase orders from retail investors will be accepted at maximum price from 6 to 13 May 2021.
The final offer price and number of offer shares are to be determined around 14 May (Friday).
Pep&Co was founded in 2015 by Andy Bond who is also the Chief Executive of Pepco Group, which owns Poundland and Dealz.
Andy said that the Group was confident about the significant growth opportunity that the company sees for each of its 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,” added Andy.
He also said that the Group is today catering to over 50 million customers – all thanks to the strength of its retail brands.