As a result of the pandemic and subsequent lockdowns, many companies had to scale up rapidly as they witnessed a rise in demand for their services. With working from home being the new norm, it became clear that high-speed internet connection, remote video conferencing solutions, and other supplementary technology were imperative. Banking on the growth it witnessed last year, Amsterdam-based File transfer scaleup WeTransfer is reportedly planning for a stock market flotation in the coming months.
WeTransfer IPO coming soon?
As per a report by Sky News, WeTransfer is said to be in talks to appoint investment banks that would oversee an initial public offering (IPO). This IPO is expected to take place in Amsterdam. The report further suggests that advisers could be hired to work on the IPO in the coming weeks. However, the precise timing and the size of it are yet to be known.