Allegro raised $2.81bn in the Warsaw Stock Exchange IPO.

Allegro, a Polish e-commerce platform with over 12.3m active buyers, listed on the Warsaw Stock Exchange, marking the completion of Poland’s largest ever IPO. The offer price was PLN43 ($11.4) per share, giving the company an implied initial market capitalisation of PLN44bn ($11.6bn). Allegro raised PLN10.6bn ($2.81bn) from its IPO. The offering consisted of a public offering to the retail investors and institutional investors. The largest selling shareholders were subsidiary companies of private equity funds Cinven, Mid Europa Partners and Permira. "With our IPO process now complete, we can now look forward to starting Allegro’s next phase of growth as a listed company. The engagement we have seen from institutional and retail investors over recent weeks has been humbling. I’d like to thank each of them for their interaction with us and welcome those who have decided to become shareholders in Allegro," François Nuyts, Allegro Chief Executive Officer.