Pick n Pay retains a 65.6% stake in the business. (Photo supplied)
Discount retail chain Boxer made its debut on the Johannesburg Stock Exchange (JSE) this week in the biggest local listing on the main bourse this year.
The listing on Thursday, at R54 a share, earned Boxer’s parent company Pick n Pay R8.5 billion. Boxer has a market capitalisation of R24 billion, above Pick n Pay’s R22 billion.
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