Allegro, "the Polish Amazon", goes public
The CEO of Polish company Allegro on October 7, 2020 in Warsaw.
Wojtek RADWANSKI / AFP
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The Polish e-trader, Allegro, competitor of Amazon in Poland, is listed on the stock exchange from Monday, October 12.
It is one of the most important introductions on the Warsaw Stock Exchange.
Led by a Frenchman, François Nuyts, Allegro is showing strong growth.
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For François Nuyts, this Monday, October 12 is an important day.
With its initial public offering, the Allegro platform that he manages is entering the big leagues.
The company will be introduced to the market at an estimated value of 9.4 billion euros.
This French boss, originally from Bordeaux, knows the e-commerce market well: he cut his teeth at Amazon, where he participated as a former director in the establishment of the American giant in Spain and Italy.
Founded 21 years ago, Allegro has become the most popular e-commerce site in Poland, crowding out Ebay.
The eminent arrival of its competitor Amazon in the country does not seem to worry the French boss who recently told the press: “
We think there are a lot of things that we do well enough, if not better than any competitor.
".
This assurance comes from the very good performance of its platform.
Its net income continues to grow: + 31% in 2019 and + 51% the first six months of this year.
Praised by the Polish disapora, Allegro exports mainly to Great Britain and wishes to develop further internationally.
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