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Pepco expanded its store portfolio by 17.3 percent and as it opened its first stores in Austria, Serbia and Spain.
Pepcoâs stock jumps on Warsaw debut following biggest IPO in Poland By Reuters Share JOHANNESBURG - SHARES in Poundland owner Pepco Group jumped on its stock market debut in Warsaw yesterday following the biggest initial public offering (IPO ) in Poland this year. Pepcoâs IPO gives a boost to Warsawâs stock market which has had a rise in the number of listings, but was passed over by parcel delivery company InPost, which opted to list in Amsterdam in January. Pepco had priced the IPO at 40 zlotys per share, giving it a valuation of 23 billion zlotys ($6.29 billion). At 9.20am t...
Poundland parent Pepco Group rose as much as 10% in its Warsaw trading debut, cashing in on surging demand from budget-minded shoppers du
Poundland owner sets discount price for budget retailer's Warsaw listing Pepco, the owner of budget chain Poundland, has chosen to go public in Poland Poundland’s owner has set a discount price for the budget retailer’s Warsaw listing, giving the company a market capitalisation of 23bn zlotys (£4.38bn). South African conglomerate Steinhoff, the parent company of Poundland owner Pepco, set the price of shares in the firm at 40 zlotys. The pricing is towards the lower end of the 38 zloty to 46 zloty-per-share indicative price range for Pepco’s listing. Pepco, which own...
Poundland's owner Pepco Group has been valued at a massive €5billion (£4.3billion) ahead of its initial public offering (IPO) on the Warsaw Stock Exchange. The £7.61 per share sale is forecast to raise just over £600million for Pepco, whose parent firm is South African-based retail holding company Steinhoff International. Steinhoff declared last month that it wanted to sell a minimum of 15 per cent of Pepco in order to expand the business, which currently has 3,200 stores across Europe and a monthly customer base of 50 million, according to its website. Discount specialist: Pepco Group...