date:Nov 05, 2013
Poundland, the biggest single price store chain in the UK, is set to launch an initial public offering on the London stock market next year, expected to value the company at between 700 million and 800 million. As a result, US private equity firm Warburg Pincus, who paid just 200 million in 2010 for a 76% share of the company, could be on course for a windfall. According to the Sunday Telegraph, the company has appointed investment bank Rothschild to manage the listing, and will bring other advi