Shoper e-commerce IPO to raise 363 million pln

Shoper is the owner of the most popular platform in Poland for the e-commerce market, sold in the SaaS model (Software as a Service). The company announced the publication of the prospectus on Monday in connection with the public offering of shares and its debut on the WSE in the first half of July this year.

The Management Board of Shoper will recommend a dividend payment in the coming years if it does not see the possibility of investing profits in the further development of the company, announced President Marcin Kuśmierz.
“We do not have a dividend policy, as we are focused on the company’s growth, the market is still at a fairly primal stage of development. However, in previous years we had a similar approach, and yet we regularly paid dividends, Kuśmierz said during the videoconference.

According to him, it should be similar in the coming years.

“As a rule, the management board will recommend a dividend if we do not see the possibility of investing in further development. Historically, we have paid dividends every year, ”added the president.

The initial public offering of up to 7,731,628 Shoper shares, representing 27.11% of the share capital and 27.5% of votes at the general meeting, together with a stabilization option up to 10% of the number of shares allocated, begins today with bookbuilding in the institutional investors tranche , the company said in its prospectus. The maximum price for one share was set at PLN 47. This means that the total value of the offering (new and sold shares) may amount to PLN 363 million. The stock exchange debut is planned around July 9.


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