Boxer Rises on Debut After Biggest S. Africa IPO Since 2017
- IPO forms part of turnaround plan by parent Pick n Pay
- JSE’s main gauge has risen 15% in dollar terms since June
Boxer Retail Ltd. surged in its Johannesburg debut following South Africa’s biggest initial public offering since 2017.
The stock gained 18% to 63.51 rand ($3.51) per share by the close of trade, an increase from the IPO price of 54 rand per share.