Pets at Home to go public?

Pets at Home has appointed investment bank JPMorgan Cazenove as joint sponsor, joint book-runner and joint global co-ordinator, to examine the options for a potential IPO of the company in 2010, subject to market conditions. Matt Davies, Chief Executive of the UK based pet care retailer, said: "We believe there remains a significant opportunity to build on the Pets at Home experience and to take it to more pet lovers across the UK. This appointment signals our wish to be prepared should the IPO market begin to look attractive as one of the exit options open to us."