The company that owns the
WeTransfer file service is cancelling its initial public
offering , Europe s first prominent tech flotation of the
year, it said on Thursday, citing volatile market. | January 27, 2022
The company that owns the WeTransfer file service is canceling its initial public offering, Europe’s first prominent tech offering of the year, it said on Thursday, citing volatile market conditions. WeRock had planned a Jan. 28 floatation on Amsterdam’s Euronext that would have valued the company at between 629 million and 716 million euros ($714 million-813 million).
Before cancelling its listing, which was to have included both a primary and secondary share offer, WeRock had slightly scaled back ambitions for the valuation of a part of it.