Pets at Home has confirmed its intention to float on the London Stock Exchange.
With shares to be offered to retail investors and institutions, the company plans to raise £275 million from the offering which it will use to reduce its indebtedness.

Pets at Home staff will also be able to apply to purchase shares at the offer price, with tranches of either £250, £500 or £750 worth of shares.

Pets at Home said it has invested in excess of £60 million in its operations over the last three financial years to support the future growth of the business. The company is aiming for a target portfolio of over 500 stores, 700 veterinary practices and 300 Groom Rooms.

Non-executive chairman, Tony DeNunzio said: "Pets at Home is the clear leader in an attractive market and is led by an experienced and passionate management team with a proven track record of delivering strong revenue and EBITDA growth. The significant investment that has been made over the past few years provides Pets at Home with very strong foundations and positions the company well for the next stage of its development in the public market.”