Value retailer B&M Bargains is set to reveal its plans for a £2bn floatation on the stock market next week, according to sources.

The 370-store retailer’s listing is being run by Goldman Sachs and Bank of America Merrill Lynch, said sources close to the situation according to Reuters.

The listing would come after Poundland became the only variety value retailer to list on the London Stock Exchange in March.

Speculation about B&M seeking a potential IPO has been rumbling since October last year and plans seemed to have stepped up when it was reported last month that B&M was seeking to refinance £585m of loans ahead of a potential float.

B&M was bought by US private equity house CD&R in 2012 in a deal understood to be worth £965m.