for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Breakingviews

Breakingviews TV: Bargain IPO

Posted

Pepco, owner of cut-price retail chain Poundland, is listing in Warsaw with a 5 bln euro price tag. Ties to Steinhoff and weak sales justify a cheap valuation of less than 10 times EBITDA. But Aimee Donnellan argues if it keeps expanding, the discount won’t last long.

Breakingviews

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up