Pets at Home join the Main Market
Tuesday 18 March 2014
London Stock Exchange today welcomed Pets at Home Group Plc to open unconditional dealings.
Pets at Home, the UK's leading specialist retailer of pet food, pet-related products and pet accessories, will begin trading on the main market with a market capitalisation of £1.2 billion.
Founded in 1991, Pets at Home has built its market leading position primarily through organic investment, complemented by selected strategic acquisitions. The company come to the market with a clear leadership position in the UK pet care market and a mission to be the best pet shop in the world. The listing on the main market will position the Group for its next stage of growth and development. Pets at Home will continue to innovate and drive an expansion programme in the UK to over 500 stores, more than 700 veterinary practices and in excess of 300 Groom Rooms.
Nick Wood, Chief Executive Officer said:
"Today’s ceremony marks an important day for Pets at Home. The successful listing will allow the business to continue to grow and drive forward our vision for the future.
I am very proud of everything our management team and colleagues have achieved right across our business, and I am confident and hugely enthusiastic about our future as we embark on the next stage of our growth as a public company."