B&M Retail, which is a leading discount chain, has said that it is planning to launch an Initial Public Offering (IPO) during the coming months.

B&M Retail is a toys and homewares business from Liverpool that is planning to get listed soon. B&M Retail started in 1978 andandhas grown from its first outlet in Blackpool to over 350 stores with more than 13,000 staff. Experts have said that the store chain might be valued at £2 billion.

The retail chain chaired by former Tesco boss Sir Terry Leahy, who is also an adviser to theowner of the company, US private equity firm Clayton, Dubilier& Rice. The listing will allow Arora brothers to get another pay out from the business. Clayton, Dubilier& Rice had to pay more than £900 million for a controlling stake in the company December 2012.

CDR has appointed Lazard, the investment bank, to begin work on the share offering for the retailer. A host of other retailers and other firms are planning to get listed on the market as investors have reported improved activity in the IPO market.