Parcel-Locker Firm InPost Soars After $3.4 Billion Dutch IPO

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Date: 04.02.2021

InPost SA soared in Amsterdam trading after its shareholders raised 2.8 billion euros ($3.4 billion) in Europe’s biggest initial public offering since 2018 amid an online shopping boom that’s driving up demand for the Polish company’s automated parcel lockers.

Stockholders including Advent International, Templeton Strategic Emerging Markets Fund and PZU Fundusz sold 175 million existing shares at 16 euros each, the top end of an initial range, the company said. The IPO of the 35% stake values InPost, which didn’t raise any money in the offering, at 8 billion euros. InPost jumped 26% to 20.22 euros at 10:08 a.m. in Amsterdam.

InPost is joining other beneficiaries of stay-home orders in going public. Online retailers THG Plc and Allegro.eu SA listed in the U.K. and Poland, respectively, last year, while virtual greeting-card company Moonpig Group Plc is taking orders for its London IPO.

InPost S.A. is an e-commerce enablement platform. InPost provides delivery services through its network of automated parcel machines

Source: Bloomberg

 

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