Polish internet trading company Allegro made its debut on the Warsaw Stock Exchange on Monday, implementing the country’s largest-ever initial public offering (IPO).
The value of the company’s share in this debut has increased by 51%, the market value of the company reaching 14.8 billion euros.
Thus, Allegro is currently the most valuable company on the Warsaw Stock Exchange.
Established in 1999, Allegro has more than 100,000 merchants and approximately 12 million active buyers.
Thanks to the growth of e-commerce caused by the coronavir pandemic, the company’s net profit in the first six months of this year increased to PLN 289.7 million (EUR 64.8 million), compared to PLN 195.7 million (EUR 43.7 million) in the same period last year. .
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