Pepco Group, the parent of UK discount retailer Poundland, is holding initial talks with institutional investors about a possible IPO, Reuters reported. Pepco, which is part of Steinhoff International, is considering either Warsaw or London for its listing. It planned to go public last year but postponed its float due to the pandemic. Reports last year estimated that an IPO could value Pepco at about £3.4 billion. Poundland was taken private by Steinhoff in 2016 for £610 million.