Pepco is very popular among customers. Now Pepco will try its hand at the Warsaw Stock Exchange, where it will make its debut on Wednesday. The price of Acacia, the owner of the European discount chain of many branch stores in the public offer, was set at PLN40. This is the biggest introduction of the Polish stock market this year.
Pepco goes public
In the opinion of many stock market analysts Pepco’s launch is the largest IPO on the Warsaw Stock Exchange this year. In this case, the public offering only refers to the sale of the company’s current shares. A total of 92,446,602 shares were sold on PLN40, of which 77,888,350 were to institutional investors, 12,058,252 to institutional investors as part of an additional allotment option, and 2,500,000 shares to private investors. The total value of the public offering is PLN 3,697,864,080.
Registered in the Netherlands, the Pepco Group manages the Pan-European multi-format discount chain of multi-branch stores under the following brands: Pepco, Deals and Poundland (the latter selling products with two uniform price levels) covering more than 3,000 stores in 16 countries. The group’s stores offer clothing, home decor, toys and seasonal items, as well as fast-moving products at competitive prices. Pepco Group also owns PGS, a company that supplies products to its stores.
Ads like you will fall. Pepco’s offer is a great seller.
At the end of March 2021, the chain of well-known stores under the Pepco brand in Poland was more than 2.2 thousand. It has stores in 13 countries in Central and Eastern Europe and Italy, opening its first discount store in Spain in April 2021. Over the past three years, until September 30, 2020, the Pepco Group has opened more than 300 stores a year. Considering the success of the deals in Poland and Spain, the company aims to open at least 70 stores annually for the brand starting in fiscal 2021. Pepco Group’s share capital is 5 5,750,000, divided into 575,000,000 shares, each valued at 0. 0.01.