Pepco, which also owns an eponymous discount chain as well as the Dealz fascia, said the IPO would mark “an important milestone” for the business as it eyes further European expansion.

The retailer operates more than 3,200 stores across 16 countries and has ambitions to grow across the whole of Europe.

Pepco said it intends to apply for listing and admission of shares to the Warsaw Stock Exchange, with the planned offering consisting of the sale of existing shares by current shareholders.