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Flotation flurry as retailers catch tide

Wednesday, March 12, 2014 - 02:50

Mar 12 - Two more British retailers - Poundland and Pets at Home - have set prices for their initial public offerings. Joanna Partridge looks at the reasons behind the flurry of flotations across Europe..

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When everything's at noon to -- from Shannon's. -- plan to set the price for its initial public offering at 300 and the shaft. The hope that the initial price range. If you'll let you know -- single place retailer selling everything from -- me. Cleaning products and secure its place -- a high street hit during a recession you can find the children's. From thinking two. Take issues things he -- nice piece that you don't find. You know patient -- together. And he whose -- have to attack. Current until cynical and I wanna -- -- is reportedly there was a lot of tomorrow for the chance which party the company has 750. Million times. Sometimes the Fed's discount retail innocent to -- staying. Three -- buys you three -- of chocolates in the shop or won the patent on Shaq has. Touring the recession different retailers like patent on -- while and supermarkets like old. Now off to the recession it seems that discount retailers like -- land I had to step right. -- ever appeal is to justify the prices since Stephens spring him from planet we. Tale that very well round retail operations by that I mean. -- the stools look very good to -- don't see that this is this an element that but the the -- -- anything about shall be you know that very well merchandise that very -- to doubts. Yes supply -- very well managed. And the products is is that people won't have a per second. Both parent and not be -- -- attempt to market convenience store in the Coles has already left it while pets had missiles to set the price to its IPO and check in online fashion retailer of you -- don't -- on the due to stop trading shortly. And -- CNN entice a phrase act as some of the store groups expected to come to market. There are several reasons behind the -- a recession since tiring wait for the -- to impose. We have seen equity valuations and pre sales. You investors. Look at the companies and say well we believe there's more growth potential in these companies so that's the first thing. The second thing is that there's been a lot of pent up demand from private equity sponsors who have invested in these companies and they really haven't had access to capital markets to -- their transactions in. On they're taking the opportunity on my investors are interested -- it. And then the third reason is that overall we're just seen on an improvement in sentiment investor sentiment. The economy is starting to creep in Europe. Parent on tons to almost definite than that you taste it was 21 thought I was in the in the next six years and they put more in on and it's also -- its attention to Spain when they open ten new stores that. Question is what parent -- with the cold in the country which insists the UN.

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Flotation flurry as retailers catch tide

Wednesday, March 12, 2014 - 02:50