InPost raises €2.8 billion through IPO

InPost raises €2.8 billion through IPO

Polish parcel-locker firm InPost has raised €2.8 billion euros in its initial public offering on Amsterdam’s Euronext exchange, reports Private Equity News.

Stockholders sold 175 million existing shares representing a 35% stake in the firm at €16 euros each, the company said in a statement. The IPO values the firm at €8 billion.

The Advent International-backed courier firm, which operates automated lockers in supermarket car parks and other public places, plans to take advantage of the massive increase in online shopping since the Covid pandemic, with ambitions to expand in France, Spain and Italy.

InPost owns and operates 12,254 automated parcel machines, mostly in the UK and Poland, and last year handled 248 million parcel deliveries.

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