Shoper close to listing on WSE

Shoper S.A., owner of Poland's most popular e-commerce platform for running an online store in the SaaS (Software as a Service) model, is in the process of finalizing prospectus proceedings and preparing to launch an initial public offering.

The subject of the offering will be about 27.1 percent of existing shares; the company does not plan to issue new shares. The final decision and timing of the offering are subject to market conditions and the necessary regulatory approvals and corporate decisions of the selling shareholders.

Shoper is a leader in the Polish market of e-commerce software providers in the SaaS model, which allows entrepreneurs to conveniently, quickly and easily set up their own online store and conduct sales in the online channel. The company's comprehensive offer includes the Shoper platform, made available in the form of a subscription, in several variants allowing for its flexible adaptation to the needs of a given client, as well as a number of additional services oriented towards increasing the sales effectiveness of stores operating on the platform. The company's solutions are used by more than 20 thousand customers, including 15.8 thousand direct customers, who generated PLN 4 billion in GMV* in 2020 - an increase of 87% year-on-year. The remaining 4.8 thousand stores were sold under the Private Label formula by the company's partners. Shoper services are used by Wawel, Sports Channel, Pat&Rub, Kruger&Matz, Military Property Agency, among others.

- We are the clear leader of the Polish market of SaaS solutions for e-commerce. Such a strong position is the result of more than 15 years of building a comprehensive offer for e-shops. Thanks to this, we help not only to make sales, but also to increase them effectively. Importantly, an increasing part of our revenue is generated in the pay-as-you-grow model, thanks to which we grow with our customers, and the SaaS model enables us to generate higher margins as revenue increases, " says Marcin Kuśmierz, CEO of Shoper.

In Q1 2021. Shoper generated PLN 15.8 million in revenue, up 71 percent year-on-year. Operating profit rose 69 percent to PLN 5.5 million, and net profit rose 92 percent to PLN 4.5 million.

- Shoper is the first-choice destination for people deciding to start selling online, which, combined with the rapid development of the market and the growing popularity of SaaS solutions, enables the company to scale and grow further. We believe this is a good time for an IPO. We hope that it will strengthen our image in Poland and abroad, and at the same time enable the introduction of an incentive program for employees," adds Marcin Kuśmierz.

The subject of the offering will be about 27.1 percent of Shoper's existing shares, including about 2.5 percent under a stabilization option. The offerors of the shares are the company's current shareholders, i.e. private equity fund V4C POLAND PLUS FUND S.C.A. SICAV FIAR, Modhaus sp. z o.o., KFF Sarl, Krzysztof Krawczyk and Rafał Krawczyk. The Company does not plan to increase its share capital. The selling shareholders and the Company have agreed not to sell or issue shares in the company for 360 days after the Offering. The managers of the Offering are mBank S.A., PKO BP Brokerage and WOOD & Company Financial Services a.s. The timing of the Offering depends on market conditions and the fulfillment of other conditions customary for share offerings, including obtaining all necessary regulatory approvals (including, among other things, approval of the prospectus by the Polish Financial Supervision Authority) and registration of the Company's shares with the NDS, as well as relevant corporate decisions by the Selling Shareholders. The listing of the Company's shares on the WSE will depend on the admission and introduction of the shares to trading on the regulated (main) market of the WSE.

The ITF document is available at this link.

For more information, please contact: pr@shoper.pl.