Poundland, Pets at Home and Boohoo.com poised to float in next two weeks

Poundland and Pets at Home could both float as early as this week and join McColls and Ao.com in confirming their intention to go public, according to newspaper reports.

Boohoo.com is gearing up for a £500m stock exchange flotation within the next fortnight. The etailer is thought to be gearing up to start selling shares to the public in March this year. It recorded a £3.2m profit on £67m turnover for the year ending February 2013.

Retailers are keen to go public before the markets close for Easter, according to The Telegraph.

Poundland, which is owned by private equity group Warburg Pincus, is understood to be poised to reveal a £700m flotation this week.

Poundland is being advised by Rothschild and is also working with bankers at JP Morgan, Credit Suisse, Shore Capital and Canaccord Genuity to help drum up support for the IPO.

When Pets At Home triggers its £1.5bn float, a windfall of up to £120m is expected to be shared by the retailer’s staff. If staff members held an equal number of shares, employees would be in line for a £240,000 payout.

Discount retailer B&M Bargains plans to float in June, the Financial Times reported.