Pepco debut on stock exchange set for May 26

The Pepco Group retailer will debut on the Warsaw Stock Exchange on May 26, the exchange announced on Tuesday.

The company will float 92,446,602 shares at PLN 40 (EUR 8.9). The company's market capitalisation is estimated at PLN 23 billion (EUR 5 billion).

The Pepco Group, owned by a South African conglomerate Steinhoff, was founded in 2015 and owns two retail chains, Pepco and Poundland, which also operates on international markets under the Dealz brand.

The group currently has more than 3,200 stores across 16 countries, including Great Britain, Ireland, Spain, Central and Eastern Europe, and Poland.

The Pepco Group said its ambition is to become Europe’s leading variety discount retailer. The group's aim is to exceed EUR 1 billion EBITDA within five to seven years.