THE owners of Chemist Warehouse may be moving the business towards a public listing on the Australian Stock Exchange, according to a report in yesterday's Australian newspaper.
Media speculation is rife that the pharmaceutical retailer is currently canvassing independent advisors to help facilitate the float.
A "beauty parade" of merchant banks is believed to have started in Nov last year, with the report suggesting the business could be worth as much as $5 billion.
However any Initial Public Offering of Chemist Warehouse shares is unlikely to take place until 2019, given the complexity of the deal and the company's structure, according to several analysts cited.
MEANWHILE Chemist Warehouse is continuing its expansion across the Tasman, this week advertising for five staff for an undisclosed new location in south Auckland.
Roles on offer include a retail manager, retail pharmacy assistant, store person, pharmacist and dispensary technician.
The company opened its first NZ outlet late last year (PD 09 Nov 17).
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