Boxer Superstores, a subsidiary of Pick n Pay, made a noteworthy debut on the Johannesburg Stock Exchange, with its shares climbing 16% to R8.99. The company's IPO raised R4.4 billion by offering 500 million new shares at R8.80 each, valuing Boxer at R17.4 billion. The funds raised will help reduce debt and fuel expansion, signifying a major milestone for the retailer known for serving lower-income consumers.
- Nov 30, 2024
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