
Advent-backed InPost prices IPO at €8bn valuation
Advent International-backed Polish parcel locker company InPost has priced its IPO at €16 per share, corresponding to a market capitalisation of €8bn.
InPost, which listed on Euronext Amsterdam on 27 January 2021, has been owned by Advent International since the GP acquired the company alongside its listed parent company Integer in April 2017.
Following the offering, Advent will retain at least a 40% stake in the business.
A source told Mergermarket that the offering "attracted the who's-who in global tech funds that participate in all the major tech IPOs across the world".
CEO Rafał Brzoska said the company was positioned "at the heart of the rapidly growing e-commerce market and was primed to benefit from the flywheel effect, which drives an accelerating increase in consumer and merchant adoption of our APMs".
Citigroup, Goldman Sachs and JP Morgan acted as global coordinators on the listing.
Company
Founded in 2006 and based in Krakow, InPost operates automated parcel lockers in Europe.
People
InPost – Rafał Brzoska (CEO).
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