Private equity-backed UK discount retailer B&M is hoping to raise £75m by floating on the London Stock Exchange today.
The company has been eyeing a valuation of more than £2bn through the listing, which is designed to help it expand through Europe.
Clayton, Dubilier & Rice bought a stake in the chain, which sells outdoor furniture, electricals, homeware and consumer items, in 2012 in a deal thought to value the company at £965m.
Advent, Blackstone, BC Partners, KKR, Cinven, Apax Partners and CVC were all linked with a deal for the company at the time.
Reuters reported last month that the company made gross profits of £88.3m in 2012, adding that a £2bn valuation would be at about 23 times its EBITDA.
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