![]() Proceeds will be used for investments including marketing, staff, developing its service and software, and possible acquisitions, the company said. In addition to the new shares, existing owners Highland Europe Technology, which holds a 55per cent stake, and HPE Institutional Fund, which has 13per cent, intend to sell a yet undetermined number of existing shares to create a "meaningful free float." It targets annual revenue growth above 20per cent in the medium term. The company reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of 21.3 million euros on revenue of 72 million euros for the first nine months of 2021, it said. "Our differentiated and proven 'freemium' business model, combining subscriptions and premium advertising, has underpinned our consistent track record of strong, profitable growth," chief executive Gordon Willoughby said. The company, best known for the WeTransfer file transfer service, has 87 million monthly users and the group estimates it had sales of more than 100 million euros in 2021, it said in a statement. The Amsterdam-based company, soon to be renamed "The Creative Productivity Group NV" said its offer, for which a date has not yet been set, would include both a primary sale of 160 million euros (US$182 million) in new shares and a secondary offering of existing shares by current owners and managers. Q3 saw 18% more deals than the previous third quarter record, which was set in 2007, and 11% higher proceeds than the last record-setting Q3 in 2020.AMSTERDAM :The owner of WeTransfer, which offers file sharing and collaboration tools said on Wednesday the company will seek an initial public offering of shares and listing on Amsterdam's Euronext stock exchange. The data showed that the most recent quarter of 2021 was the most active third quarter by deal number and proceeds in the last 20 years. Additionally, the number of European listings hit their highest level in 14 years in the first half of the year.Īccording to EY, global volumes have risen 87%, and proceeds have increased by 99% year-on year. The number of stock market listings across the globe this year has surpassed all initial public offering (IPO) activity throughout 2020, new data has shown. HPE Growth, which led a €35m investment round in 2019, controls 13.5% of the company. Read more: IPO watch: ByteDance backed Manner Coffee mulls Hong Kong listingĪccording to its website, WeTransfer counts venture capital firm Highland Europe as its biggest investor with a 57.6% stake. It hired Bank of America-Merrill Lynch ( MER-PK) and Morgan Stanley ( MS) as global coordinators for the initial public offering, with ABN Amro ( ABN.AS) and Barclays ( BARC.L) appointed as bookrunners for the deal. WeTransfer is reportedly considering a listing on the Amsterdam stock exchange ( ^AEX) that could value it at €1bn. More than 1.5 billion files a month are shared through its service. It is now rolling out a new Portals feature to help freelancers manage their workflow with clients, and is looking at expanding its offering with new features, including a mobile app that allows sending and receiving files. The Amsterdam-based firm, which has been profitable since 2013, has benefited from the shift to remote working during the health crisis. Revenue at the file-sharing platform rose 26% to €65m (£55m, $75m) last year, while increasing by 64% to €45m in the first half of 2021, it said on Monday. WeTransfer has revealed that its sales rose by more than a quarter during the coronavirus pandemic as it gears up for a potential stock market float.
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