To say the year 2020 was undoubtedly tough would be an understatement. The pandemic forced the majority of people to commence working from home while companies faced numerous dilemmas. However, most companies that survived the tough times are stronger than ever, and investors are on the lookout for new opportunities as well. The same sentiment was reflected with the polish company InPost SA’s notable IPO as its stockholders sold 35 per cent of InPost for €2.8B in Europe’s biggest listing so far this year.
InPost becomes Europe’s biggest IPO since 2018
InPost has become Europe’s biggest IPO since 2018 as its investors raised a whopping €2.8B for its shares. The company was listed on the Amsterdam market as its stockholders eyed investment from the city’s tech-savvy investors. Advent International, Templeton Strategic Emerging Markets Fund and PZU Fundusz are the company stockholders, which sold 175 million existing shares of the company, each at €16, which is the top end of its initial range, the company says, reports Bloomberg.