WARSAW / FRANCFORT (Reuters) – The Polish trading platform Allegro presented its initial public prospectus and is expected to announce its board plans next week, market resources said, which would be the biggest start on the Warsaw Stock Exchange since 2007.
In July, resources said allegro’s owners – personal equity budget Cinven, Permira and Mid Europa Partners – were proceeding with their efforts to list the company in Warsaw in September.
Three resources indicated that Allegro, who competes with eBay (EBAY. O) and Amazon (AMZN. O), will announce next week its goal of floating, and the percentage it will offer is scheduled for mid-October. , they also said two resources, one of which indicated that the document was presented in Luxembourg.
Allegro not without delay to make comments.
Allegro’s IPO is probably the largest in Warsaw since 2007, and its owners will raise between $2. 3 billion and $3 billion from the sale of shares, which would cost the entire company at about $11 billion, resources said in July.
If successful, it is expected to attract more corporations to the Warsaw Stock Exchange, which has noticed a decrease in its turnover and has struggled to attract new listings, as corporations may find less expensive financing through other channels.
It will also be a symptom of the European IPO market recovering after the COVID-19 pandemic slowed activity in the first part of the year. Week.
Earlier this month, Poland’s customer regulator presented an investigation into Allegro’s rates, a possible setback for the online auction site as it prepares for an initial public offering imaginable.
Reports through Agnieszka Barteczko and Anna Koper in Warsaw, Arno Schuetze in Frankfurt and Abhinav Ramnarayan in London; edited through Emelia Sithole-Matarise
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