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InPost listing delivers €2.8bn present for Advent
InPost listing delivers €2.8bn present for Advent
Amsterdam IPO of Polish parcel locker business rides ecommerce wave boosted by pandemic
World Economy News
27 Jan 2021
• 4 min read
For four years’ work, it was not a bad result. In 2017, Advent bought Polish parcel locker operator InPost and its main shareholder Integer in deals valuing the pair’s equity at 430m zlotys (€102m).
On Wednesday the private equity group and two small co-investors sold 35 per cent of InPost for €2.8bn as it debuted in Amsterdam in Europe’s biggest listing so far this year.
The sale is the latest sign of investor hunger for ecommerce stocks as the pandemic drives an ever larger share of shopping online.