Allegro Raises About $2.3 Billion in Largest-Ever Warsaw IPO
- Retailer to be biggest Polish company with $11.2 billion value
- Shares priced at top end of range after deal size increased
This article is for subscribers only.
E-commerce platform Allegro raised about 9.2 billion zloty ($2.3 billion) in Warsaw’s largest-ever listing after selling more shares than planned thanks to strong demand for technology-related stocks in Europe.
Allegro sold 213.5 million shares at 43 zloty each, the top end of a marketed range, the company said in a statement Tuesday. On Friday, the group increased the total deal size by 14%.