At the high end of the indicative range, the company would have a market cap of £1.3bn.
Pets at Home expects to receive proceeds of around £280m from the IPO, which will enable it to reduce its debts. It expects to have a free float of between 25 and 40 per cent after the IPO.
KKR, which bought the company for £955m in 2010 from fellow private equity firm Bridgepoint, may realise a part of its investment through the repayment of shareholder loans or a sale of new shares.
Bridgepoint acquired the company for £230m in 2004, and had explored a potential IPO before exiting the company via a secondary sale.
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