Greenberg Traurig, LLP advised the investment banks on the deal.
Allegro.eu announced its initial public offering of shares and its listing on the Warsaw Stock Exchange. Allegro group is the go-to commerce platform in Poland with Allegro.pl being the most recognized e-commerce brand in the country. As of June 30, 2020 Allegro group’s e-commerce marketplace had a user base of approximately 12.3 million active buyers who connected with approximately 117,000 merchants. Allegro.pl is also one of the world’s top 10 e-commerce websites and among the top 100 websites in the world by visits per month.
The value of the shares sold in the IPO amounted to PLN 9.2 billion (PLN 10.6 billion including the over-allotment shares) and is the largest IPO in Poland’s history. The capitalization of the company (based on the IPO price) is PLN 44.0 billion with Allegro becoming, in terms of capitalization, the largest company listed solely on the Warsaw Stock Exchange.
The IPO of Allegro included a retail and institutional public offering in Poland, as well as an institutional offering for investors outside of Poland in accordance with Rule 144A and Regulation S under the U.S. Securities Act.
The underwriters were Goldman Sachs International, Morgan Stanley,Barclays Bank, BofA Securities, Citi, Biuro Maklerskie PKO BP, Santander Biuro Maklerskie, Bank Pekao, Pekao Investment Banking, Crédit Agricole Corporate and Investment Bank, Erste Group and Raiffeisen Centrobank.
The Greenberg Traurig team included Partners Lejb Fogelman, Jaroslaw Grzesiak (Picture), Pawel Piotrowski, Rafal Sienski and Senior Associate Agata Wisniewska.
Involved fees earner: Lejb Fogelman – Greenberg Traurig; Jaros?aw Grzesiak – Greenberg Traurig; Pawe? Piotrowski – Greenberg Traurig; Rafa? Sie?ski – Greenberg Traurig; Agata Wi?niewska – Greenberg Traurig;
Law Firms: Greenberg Traurig;
Clients: Bank of America Securities; Bank Pekao S.A.; Barclays Bank; Biuro Maklerskie PKO BP; Crédit Agricole Corporate and Investment Bank; Erste Group Bank AG; Goldman Sachs International; Morgan Stanley; Pekao Investment Banking; Raiffeisen Centrobank AG; Santander Biuro Maklerskie;