E-commerce platform Allegro raised the size of its initial public offering and now is seeking as much as 10.6 billion zloty ($2.7 billion) in Poland’s largest-ever listing.
The shares are likely to be sold at at 43 zloty each in the IPO, the top end of a marketed range, according to terms seen by Bloomberg. Allegro now expects to sell as many as 246.9 million shares, including an over-allotment option, up 14% from 216 million previously, according to an update to the IPO prospectus posted on Friday. The offering was initially expected to raise a maximum of 8 billion zloty.
