Polish e-commerce platform provider plans 363 mln zloty IPO

Answear.Com SA

21/06/2021 11:11

June 21 (Reuters) - Polish e-commerce platform provider
Shoper SA set the maximum price in its initial public offering
(IPO) at 47 zlotys ($12.25) per share, valuing the deal at up to
363 million zlotys, the company said on Monday.
    Its shareholders are looking to sell 7.7 million shares or
about 27.1% stake in the company, with a Warsaw debut planned
for around July 9.
    Poland's e-commerce sector has seen rapid growth in recent
years, further fueled by COVID-19 restrictions, with companies
such as sales platform Allegro  ALEP.WA , parcel locker operator
InPost  INPST.AS  and online fashion retailer Answear.com
 ANRP.WA  going public since last fall. urn:newsml:reuters.com:*:nL8N2H31F2 urn:newsml:reuters.com:*:nL8N2K128W
    Shoper, whose first-quarter revenue jumped 71% year-on-year
to 15.8 million zlotys, said its software allows customers to
launch and run their own online stores.
    The company aims to increase its customer base to 50,000
stores by 2026 from the current 21,000, it said.
    It added it holds about 45% market share in providing
software as a service for e-commerce in Poland by customer
count.
    The company will not get any proceeds from the IPO, it said
in a prospectus.
    
($1 = 3.8358 zlotys)

 (Reporting by Karol Badohal, editing by Louise Heavens)
 ((karl.badohal@thomsonreuters.com; +48 58 769 65 97;))