Home InPost listing delivers €2.8bn present for Advent
InPost listing delivers €2.8bn present for Advent
Amsterdam IPO of Polish parcel locker business rides ecommerce wave boosted by pandemic
World Economy News
27 Jan 2021 • 4 min read
For four years’ work, it was not a bad result. In 2017, Advent bought Polish parcel locker operator InPost and its main shareholder Integer in deals valuing the pair’s equity at 430m zlotys (€102m).
On Wednesday the private equity group and two small co-investors sold 35 per cent of InPost for €2.8bn as it debuted in Amsterdam in Europe’s biggest listing so far this year.
The sale is the latest sign of investor hunger for ecommerce stocks as the pandemic drives an ever larger share of shopping online.
WARSAW/AMSTERDAM (Jan 13): Polish parcel locker firm InPost plans an initial public offering (IPO) in Amsterdam and aims to debut on Euronext as early as February, it said, as it seeks to expand abroad to capitalise on a surge in online shopping. Reuters reported in December that private equity firm Advent International was preparing an Amsterdam IPO for InPost that would value its equity at 7-8 billion euros (US$8.5 billion-US$9.85 billion)
Wants to expand in France, Italy and Spain Says first listing possible in February (Adds InPost CEO comments)
WARSAW, Jan 13 (Reuters) - Polish parcel locker firm InPost plans an initial public offering (IPO) in Amsterdam and aims to debut on Euronext as early as February, it said, as it seeks to expand abroad to capitalise on a surge in online shopping.
Reuters reported in December that private equity firm Advent International was preparing an Amsterdam IPO for InPost that would value its equity at 7-8 billion euros ($8.5-$9.85 billion)
The business, widely used in Poland by sellers on online commerce platform Allegro, has benefited from an online boom as the COVID-19 pandemic keeps shoppers in their homes.