There is an IPO in the Netherlands this week that was actually planned for last year: the data sender Wetransfer is aiming for the Amsterdam trading floor, which belongs to the Euronext stock exchange group.
It should be so far on Friday.
Many e-mail users know Wetransfer because they can use its services to send high-volume data packages.
Klaus Max Smolka
Editor in Business.
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Wetransfer was founded in 2009 in Amsterdam, where it is still based.
Preparations for the IPO have been going on for more than a year.
This week, the company announced the price range within which the shares should come to market: 17.50 to 20.50 euros.
This results in a market value of 629 to 716 million euros.
The parent company Werock wants to sell new shares as well as existing ones from the existing shareholders Highland Europe and HPE Institutional.
The issue volume adds up to up to 290 million euros.
Rating probably below expectations
The rating is much lower than those involved had hoped, based on documents recently reported in the business daily Financieele Dagblad (FD).
She quoted from a confidential analysis by bank ABN Amro for institutional investors.
The Dutch house is accompanying the IPO together with Morgan Stanley, Bank of America and Barclays.
According to the "FD", the analysts valued the company at 1.1 billion to 1.9 billion euros.
The company's success depends significantly on the success of a new product that is still coming onto the market - namely on whether the paying customers switch to the offer that is almost twice as expensive.
Wetransfer offers both a free service and paid advanced services.
According to the company, 87 million people use the service every month.
Werock intends to rename itself to The Creative Productivity Group immediately prior to the IPO.