WeTransfer Plans IPO about 1 Billion Euro

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Date: 08.06.2021

File-sharing platform WeTransfer plans to seek a valuation of about 1 billion euros ($1.2 billion) from a proposed initial public offering later this year, people familiar with the matter said.

The company is preparing a listing on the Amsterdam stock exchange with advisers, the people said, asking not to be identified because the plans are private. The IPO could happen as early as this month, depending on market conditions, but could shift to the second half of the year, one of the people said. Discussions are ongoing and the timing and value could still change, they said.

A representative for Amsterdam-based WeTransfer declined to comment.

WeTransfer, run by Chief Executive Officer Gordon Willoughby, develops tools used for file sharing and remote collaboration. The company, founded in 2009, cou nts venture capital firm Highland Europe as its biggest investor with a 57.6% stake, according to its website. HPE Growth, which led a 35 million-euro investment round in 2019, holds 13.5%.

Based on: Bloomberg

#News #IPO #ICO #WeTransfer #Wcryptn.com

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