Axcel Said to Retain JPMorgan, Nordea for Jeweler Pandora’s IPO

Axcel A/S, the private-equity owner of jewelry maker Pandora A/S, retained JPMorgan Chase & Co., Goldman Sachs Group Inc., Morgan Stanley and Nordea Bank AB for a possible initial public offering of the Danish company, three people familiar with the matter said.

The stock sale may happen as early as September, according to one of the people, who declined to be identified because the information isn’t public. Axcel has yet to decide how much it may seek from selling its stake in the Copenhagen-based jeweler, according to the person.