Pepco Group, which boasts a network of over 3,000 stores across 15 European markets, is pursuing a €4.5 billion ($5.4 billion) initial public offering in the coming months, according to a Sky News report.

The company is said to be eyeing a listing in Poland, where it has a huge presence, with more than 1,000 Pepco branded stores.

The company initially planned to go public last year, but that was scuttled by the pandemic. Pepco Group has said it expects greater demand for its value-based chain store offerings as Europe emerges from the pandemic.