Shoper, the owner of the most popular e-commerce platform in Poland for running an online store in the SaaS model, expects a quick approval of the prospectus. It is doing an IPO and will enter the main market of the Warsaw Stock Exchange.
The company provides software and services in the subscription model that allow companies to quickly set up an online store and supports them in the further stages of on-line sales. Currently, over 20,000 people use the offered solutions, including well-known brands such as Wawel, Kanał Sportowy, Pat & Rub, Kruger & Matz and the Military Property Agency (AMW).
Shoper has an approx. 45% share in the Polish market (57% if you take into account the users of the Shoper platform acquired by partners).
“We are the undisputed leader of the Polish market of SaaS solutions for e-commerce. Such a strong position is the result of over 15 years of building a comprehensive offer for e-stores. Thanks to this, we help not only to sell, but also to effectively increase it. Importantly, an increasing part of our revenues is generated in the pay-as-you-grow model, thanks to which we grow together with customers, and the SaaS model allows you to generate higher margins along with an increase in revenues ”- says Marcin Kuśmierz, President of the Management Board of Shoper.
In the first quarter of 2021, the company generated PLN 15.8 million in revenues (+ 71% y / y). The operating profit also increased to PLN 5.5 million (+ 69%) and the net profit to PLN 4.5 million (+ 92%).
It will be possible to subscribe for approximately 27.1% of the company’s shares in the public offering, including approximately 2.5% as a stabilization option.
The final start date of the IPO has not been announced. It will depend, among others from the date of approval of the prospectus by the PFSA and corporate decisions of the selling shareholders.