Allegro prices historic IPO but some investors left short of stock

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By Sam Kerr
29 Sep 2020

Polish e-commerce firm Allegro has priced its historic IPO on the Warsaw Stock Exchange, the largest in its history, to become the most valuable listed Polish company. However, high demand for stock has meant that a substantial slice of investors in the IPO got no shares at all in allocations.

Goldman Sachs and Morgan Stanley are global coordinators 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.

Private equity firms Cinven, Permira and Mid Europa own Allegro, which uses an auction model ...

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