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Allegro’s stock market debut could be the biggest in history

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Polish e-commerce giant Allegro Group has announced its intention to proceed with an IPO of its shares, which will be aimed at institutional and retail investors. According to experts, its debut on the stock exchange could be the most important in the history of the Warsaw Stock Exchange. Allegro wants to get around PLN 1 billion from the issue of shares, which will allow the company to repay part of its debt, strengthen its financial position and support development plans. Its strategy involves new investments to serve buyers and sellers, but the group does not rule out international expansion either.

Allegro is a very popular brand in Poland. About 12 million Poles buy here, we have more than 100,000 sellers from small and medium-sized businesses who sell daily. This is why entry to the Warsaw Stock Exchange is a natural step for Allegro, said François Nuyts, chairman of Allegro.

Over the past 20 years, the Polish e-commerce market giant has grown from a local start-up to a major European player. Recently, with nearly 194 million views per month, Allegro entered the top ten for ecommerce sites in the world. In Poland, the company has a 3 percent share of the entire national retail market, valued at approx. 621 billion PLN. Estimates assume that by 2024, its value will increase to PLN 724 billion (or over $ 180 billion). This creates significant opportunities to increase the share of consumer spending, especially as Poland is one of the fastest growing e-commerce markets in the world and still has great growth potential.

Now is the right time for Allegro to debut on the stock market. Getting registered with the WSE seemed like a natural step from the start. Our current investors are three private equity funds that acquired Allegro approximately four years ago. Their investments typically last four to six years. However, they will still hold shares in Allegro and will support us in new investments and business development, added François Nuyts.

(Newseria)

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