Allegro Record IPO a Boon for E-Commerce Investors in Poland
- Investor MCI sees valuation boost for its other online stores
- Answear.com, Morele.net among companies fund seeks to sell
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Poland’s biggest publicly-traded private equity company MCI Capital SA is hoping that the country’s recent record initial public offering, for online selling platform Allegro.eu SA, will be a boon for the flourishing e-commerce industry.
The fund seeks to sell a stake in online fashion retailer Answear.com, which operates in seven eastern European countries, via an IPO. MCI recently sold data center provider ATM group to a Goldman Sachs-backed fund in a 533 million-zloty ($135 million) deal.