Dear all,
Poland’s biggest ecommerce platform, Allegro, is planned to list on the Warsaw Stock Exchange. What we know now is that the number of shares has been increased by 30.86M to max. 246.86M shares.
Yesterday, Allegro published the supplement to the prospect in which we can read:
"The offer met with a positive response from potential investors, but the indicated interest in the offer significantly exceeded initial expectations. Therefore, the issuer and the selling shareholders approved the increase of the maximum number of shares offered in the offer to no more than 190,293,225 existing shares, which means no more than 214,658,285 sold shares and no more than 246,857,143 shares in the offer".
For sure, institutional investors generated a huge demand. Likely, they predict that Allegro will find it place in WIG20 index - not now, but probably after Q4 of 2020.
Let's have a look on details of the prospect and answer major questions:
1) Will they pay a dividend in longterm period? (p.4, p.54)
"The Group will review its dividend policy on an ongoing basis but does not expect to declare or pay any dividends for the foreseeable future."
2) Biggest competitors? (p.8)
Alibaba, Amazon and eBay, but within a prospect we can spot others competitors such as: RTV Euro AGD, Biedronka, Empik, SMYK and LPP, Zalando, eobuwie.pl, Oponeo -- well-known Polish brands.
3) Does Allegro has a debt? (p.55)
As you can see, the following Table presents that yes, they have a big debt that needed to be paid.
4) What is the ratio between Allegro's comprehensive income vs. financial cost? (p.57)
Net profit + (-(Other comprehensive loss)) - Financial cost = +14.1M
In a nutshell, the following table presents that the Total comprehensive income is almost the same as presented financial cost. Hopefully, it's positive. What is more interesting, the last measured period was not audited via external auditors.
5) When individual investors can assign to buy Allegro's share within IPO?
Between 23-28.09.2020. Acceptance of purchase orders from the Retail Investors (until 11:59 p.m. Warsaw time on September 28, 2020). So, if you want to buy Allegro's shares you can do it till end of Monday.
6) When we can expected first day of trading of the Shares on the Warsaw Stock Exchange?
About 12.10.2020.
7) Will it be available in Warsaw Stock Exchange Analyzer?
For sure, yes!
If you don't want to wait for Allegro's IPO you can always download WSE Analyzer from Google Play in order to evaluate conditions of Polish companies listed in Warsaw Stock Exchange.
