InPost’s IPO And Listing On Euronext Amsterdam

Inpost: introduction en bourse sur Euronext Amsterdam et offre d’un montant de 3,2 milliards d’euros

Stibbe and Weil, Gotshal & Manges and CMS advised InPost on the deal. Clifford Chance advised a syndicate of banks (including Citigroup, Goldman Sachs, J.P. Morgan, ABN Amro, Barclays, BNP Paribas, Jefferies, DMBH, ING and Pekao).

Trading on Euronext Amsterdam in InPost shares commenced on Wednesday 27 January 2021 following an institutional only offering of 175,000,000 existing shares at a price of EUR 16.00 per share, representing a value of EUR 2.8 billion. Following the offering, the total issued and outstanding share capital consists of 500 million shares, implying a market capitalisation for InPost of EUR 8.0 billion making this the largest E-commerce IPO in Europe.

The Stibbe team included Derk Lemstra, Pieter Schütte (Photo), Bernard Beerens, Nora Offergelt, Bart Stevens, Floor van Schendel, Thijn de Jong, Maurits Schmitz, Chris van Es, Eline Glazener, Rik van Kessel, Lotte Hover-Boon, Jeroen Smits, Jean-Marc Delcour, Roderik Vrolijk and Johan Léonard.

A cross-border team from Clifford Chance advised on the deal, led by Paris-based US Capital Markets Partner Alex Bafi, supported in Paris by US Counsel Olivier Plessis, with partner Simon Thomas in London and Senior Counsel Han Teerink in Amsterdam, as well as with key support from Clifford Chance’s Luxembourg and Warsaw offices.

The CMS team included Partners Slawomir Czerwinski, Rafal Zwierz, Graham Conlon, Malgorzata Urbanska, Katarzyna Dulewicz, and Lukasz Dynysiuk, Counsel Jaroslaw Gajda, Senior Associates Katarzyna Grodziewicz, Antoni Wandzilak, Paulina Komorowska, Valentina Santambrogio, and  Krzysztof Sikora Rafal Dostatni, Associate Agnieszka Kalwa, and Lawyers Dominika Pietkun, Aleksandra Kuznicka – Cholewa, Jakub Rykowskim and Michal Tutaj.

The Weil team advising InPost was led by Corporate partner David Avery-Gee in London, supported by Corporate counsel Tomasz Rodzoch and senior consultant Ian Hamilton, and included Banking & Finance partner Tom Richards with Banking & Finance associates Patrick Brendon, Edward Hyde and Abgail Kalonga; the U.S. Capital Markets team of partner Nitin Konchady and associate Matthew Kordowski; and Tax partner Oliver Walker.

Involved fees earner: Alex Bafi – Clifford Chance; Olivier Plessis – Clifford Chance; Han Teerink – Clifford Chance; Simon Thomas – Clifford Chance; Graham Conlon – CMS Cameron McKenna Nabarro Olswang LLP; Slawomir Czerwinski – CMS Cameron McKenna Nabarro Olswang LLP; Rafal Dostatni – CMS Cameron McKenna Nabarro Olswang LLP; Katarzyna Dulewicz – CMS Cameron McKenna Nabarro Olswang LLP; Lukasz Dynysiuk – CMS Cameron McKenna Nabarro Olswang LLP; Jaroslaw Gajda – CMS Cameron McKenna Nabarro Olswang LLP; Katarzyna Grodziewicz – CMS Cameron McKenna Nabarro Olswang LLP; Aleksandra Kuznicka-Cholewa – CMS Cameron McKenna Nabarro Olswang LLP; Dominika Pietkun – CMS Cameron McKenna Nabarro Olswang LLP; Jakub Rykowskim – CMS Cameron McKenna Nabarro Olswang LLP; Valentina Santambrogio – CMS Cameron McKenna Nabarro Olswang LLP; Krzysztof Sikora – CMS Cameron McKenna Nabarro Olswang LLP; Michal Tutaj – CMS Cameron McKenna Nabarro Olswang LLP; Malgorzata Urbanska – CMS Cameron McKenna Nabarro Olswang LLP; Antoni Wandzilak – CMS Cameron McKenna Nabarro Olswang LLP; Rafal Zwierz – CMS Cameron McKenna Nabarro Olswang LLP; Agnieszka Kalwa – CMS Legal; Paulina Komorowska – CMS Legal; Bernard Beerens – Stibbe; Jean-Marc Delcour – Stibbe; Eline Glazener – Stibbe; Lotte Hover-Boon – Stibbe; Derk Lemstra – Stibbe; Johan Léonard – Stibbe; Nora Offergelt – Stibbe; Emilie Renardel de Lavalette – Stibbe; Maurits Schmitz – Stibbe; Pieter Schütte – Stibbe; Jeroen Smits – Stibbe; Bart Stevens – Stibbe; Thijn de Jong – Stibbe; Chris van Es – Stibbe; Rik van Kessel – Stibbe; Floor van Schendel – Stibbe; Roderik Vrolijk – Stibbe; David Avery-Gee – Weil, Gotshal & Manges; Patrick Brendon – Weil, Gotshal & Manges; Ian Hamilton – Weil, Gotshal & Manges; Edward Hyde – Weil, Gotshal & Manges; Abgail Kalonga – Weil, Gotshal & Manges; Nitin Konchady – Weil, Gotshal & Manges; Matthew Kordowski – Weil, Gotshal & Manges; Tom Richards – Weil, Gotshal & Manges; Tomasz Rodzoch – Weil, Gotshal & Manges; Oliver Walker – Weil, Gotshal & Manges;

Law Firms: Clifford Chance; CMS Cameron McKenna Nabarro Olswang LLP; CMS Legal; Stibbe; Weil, Gotshal & Manges;

Clients: ABN AMRO; Barclays Bank; BNP Paribas; Citigroup Inc.; Goldman Sachs; ING Bank; InPost S.A.; Jefferies; JP Morgan; Pekao Bank Hipoteczny S.A.;

Naoual Sadouqi

Author: Naoual Sadouqi