US orders propel Allegro IPO on day one

By Sam Kerr
22 Sep 2020

Allegro, the Polish e-commerce company, covered its Warsaw IPO throughout its range on the first day of bookbuilding on Tuesday as investors rushed into the book. It will be one of the largest IPOs of the year at about $2bn.

Goldman Sachs and Morgan Stanley are global co-ordinators on the transaction. Barclays, BofA, CitiSantander and PKO are bookrunners; Bank Pekao, Crédit AgricoleErste Group Bank and Raiffeisen Centrobank are co-lead managers. Lazard is advising the sellers.

The company launched the IPO on Tuesday morning at an initial range of Z35-Z43 ...

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