Retailer Boxer fights its way to a JSE listing

File: A general view of the the logo of the Johannesburg Stock Exchange (JSE) in Sandton, South Africa. 
JOHANNESBURG – Retailer Boxer has, of Thursday, been listed on the Johannesburg Stock Exchange.
The Kudu horn sounded the listing of the first discount retailer to make its anticipated debut on the JSE’s board.
Analysts have called this the biggest listing of the year as the group eyes an impressive R25 billion valuation.
The retail giant is boxing above its weight with its first trade opening above R63 per share, signaling strong investor confidence and setting the stage for Boxer’s growth.
This successful IPO highlights investor faith in Boxer’s potential to thrive in South Africa’s fiercely competitive retail market.
According to group CEO Marek Masojada, this listing marks a significant milestone in the group’s history.