Content |
Allegro Group is group of e-commerce in Eastern Europe. The company is the property of the international media group Naspers. For July, 2019 more than 80 commercial websites in 14 countries of Eastern Europe are a part. Annual growth of the company is more than 40%.[1]
History and performance indicators
2020: Entry into the exchange
On October 12, 2020 initial public offering of the Polish marketplace of Allegro on the Warsaw stock exchange took place. Within debut biddings the share value of online retailer grew by 52%, having reached an indicator of 65.4 zloties for an action. The starting price was 43 zloties.
According to Reuters, after the IPO the market value of the Polish marketplace reached $17.6 billion that allowed Allegro to be entitled the most expensive company on the Warsaw stock exchange. Earlier the producer of the video games CD Projekt, according to the results of debut biddings of Allegro was the largest company at the Warsaw exchange, its cost was $9.7 billion. Goldman Sachs, Morgan Stanley, Barclays, Bank of America, Citigroup, Santander and BM PKO BP took part in the IPO organization for Allegro.
 | The recent pandemic emphasized e-commerce value for the consumer and accelerated e-commerce penetration, - Ivan Kim, the analyst of Xtellus Capital told. Allegro is the settled marketplace... and already quite profitable. |  |
| | In these tough times when we fight against a pandemic and recession, all of us need good news. Allegro debut - good news to all of us, - the deputy prime minister Yaroslav Govin said at a press conference. | |
Activity of Allegro company started in 2000, in Poland it is considered the largest platform of online sales. Allegro has over 12 million buyers and at the end of 2019 turnover of the company made $5.7 billion.
The co-director of the European division of the markets of capital stock of Goldman Sachs Christoph Stagenr noted:
| | When pricing in such transactions as in a case with Allegro, it is more important to create an impulse, than to maximize the price in the first day. | |
He considers that owners of direct investments, and it is Cinven, Permira and Mid Europa, will want to benefit by this impulse in the subsequent placements after only 25% of Allegro were placed during the first IPO.[2]
2018: Among the largest IT companies of Europe
1999: Foundation of the company
The Allegro company was founded in 1999 in Poland.
Notes
| The site content is translated by machine translation software powered by PROMT. The machine-translated articles are not always perfect and may contain errors in vocabulary, syntax or grammar. Read original article If you find inaccuracies or errors in the results of machine translation, please write to editor@tadviser.ru. We will make every effort to correct them as soon as possible. |