Poundland and Pets at Home have set the prices for their initial public offerings ahead of their impending stock market listings.
Pets at Home will float shares at 245 pence apiece, in the middle of its initial price range, and giving the company a market capitalisation of £1.2 billion.
Pets at Home is largely owned by US private equity group KKR and run by chief executive Nick Wood, the former boss of American Golf and himself the owner of two dogs and Snuggles the hamster.
Europe's biggest single-price retailer Poundland set the price of its IPO at 300 pence a share, the top of its initial price range, and valuing the company at £750 million.
A source familiar with the matter said that demand had been high, with the books covered over fifteen times.
Poundland's flotation would raise £375 million and see private equity firm Warburg Pincus reduce its stake in company to 37.9%, or 30% if an over-allotment is exercised.
Britain's retail industry is set for a flurry of offerings this year. AO World floated in February, while Boohoo.com is expected to list later this week.
B&M and House of Fraser are also expected to come to market.
JP Morgan and Credit Suisse are bookrunners on the Poundland listing, while Bank of America Merrill Lynch, Goldman Sachs and KKR Capital Markets are leading the Pets at Home listing.
