Pepco debuts on the WSE
Wpis dostępny jest także w języku: polski
On 26 May 2021 at 9 a.m., Pepco shares were listed on the Warsaw Stock Exchange. The chain has been valued by investors at over 23 billion PLN. As it turned out, this is this year’s biggest debut on the Polish market, and Pepco has found itself among the 20 most important stock market players.
Pepco Group – a company operating since 1999 – manages a chain of multi-branch discount stores under three brands: Pepco, Dealz and Poundland. The company has over 3,000 shops in 16 countries around the world, of which over 1,000 are in Poland alone. The chain offers home furnishings, clothing, toys and FMCG products. In 2020, the group’s revenue amounted to €3.5bn, over €100m more than the year before. In the last three years, Pepco has opened more than 300 shops a year and more than 19 million customers visit the shop per month.
On 26 May at 9am, the company’s debut on the WSE took place. Pepco was valued at over 23 billion PLN, with each share sold for 40 PLN. Already in the first minutes the shares rose to 43 PLN, which meant an 8% gain, while at the end of the day a 12.5% increase was recorded. Thanks to these results, the company overtook the LPP group, which was valued at PLN 20 billion, Cyfrowy Polsat (PLN 19 billion) and PGE (PLN 18 billion). This gives it a chance to qualify for the prestigious WIG20 index. Pepco’s offer included shares sold by existing shareholders, i.e. members of the Pepco Group management team and Pepco Holdco Limited.
–We are pleased with the great interest and support from a wide range of renowned Polish and international investors, as well as the strong demand from individual investors. All of them have appreciated our financial achievements to date and our clearly outlined vision for long-term growth. We can easily finance the growth of our Group and our shop network from our cash flow. – said Andy Bond, Chief Executive Officer (CEO) of Pepco Group.