IVC Evidensia Nederland BV is preparing to launch a London IPO in March that could value the veterinary care company at up to £10 billion, Sky News reported Jan. 26, citing insiders.

Swedish private equity firm EQT AB (publ) is considering its options for IVC Evidensia, including a trade sale of the business or the private sale of a further stake to an external investor, according to the report.

IVC Evidensia is backed by EQT and partly owned by Nestlé SA. In November 2020, it appointed Goldman Sachs and Jefferies to prepare the company for a stock market listing.

IVC Evidensia declined Sky News' request for comment.