Shoper successfully debuts on the 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, made its debut on the main floor of the Warsaw Stock Exchange. The opening share price was PLN 54.1, up 15 percent from the maximum offering price of PLN 47.00. After 15 minutes of trading, the share price is 17 percent above the reference price, at PLN 55.

- We are pleased with the successful completion of the IPO and joining the ranks of public companies. Market data shows that the technology industry, especially e-commerce and SaaS, has very good prospects ahead, so we believe that an investment in the company's shares Shoper will be an interesting proposition for investors. I would like to thank all shareholders for their trust in us, and assure them that we treat each of them as a full-fledged shareholder, keeping their best interests in mind," comments Marcin Kuśmierz, CEO of Shoper.

Photo: Stach Leszczyński/PAP

The value of the entire offering Shoper was about PLN 363 million. Individual investors made a total of about 2.7 thousand subscriptions for about 8.3 million shares, resulting in an average reduction rate of about 92.5 percent. By 2026, the company wants to increase the user base of its platform to 50 thousand online stores and 7 thousand users of the ErpBox application, through which stores on the Shoper platform can, among other things, be integrated with trading platforms allowing sales abroad. At the same time, the SaaS-based Shoper plans to increase revenues tied to the scale of users' activities (pay-as-you-grow) from the current 50% to around 80%, and to further strengthen the multi-channel (omnichannel) sales model within the Shoper platform by expanding the number of possible integrations.

- The IPO is a very important step in the development of our company and building brand recognition of Shoper on the Polish market. We are already the leader in terms of the number of supported stores in the SaaS model, and our strategy is to achieve further ambitious goals. They will further strengthen our position as a leading first-choice platform and enable us to enter completely new markets with our product offering," adds Marcin Kuśmierz.

Photo: Stach Leszczyński/PAP

The managers in the Offering Shoper were mBank S.A., PKO BP Brokerage Office and WOOD & Company Financial Services, a.s. The function of legal advisor to the Company in connection with the Offering was performed by the law firm MJH Moskwa, Jarmul, Haladyj i Partnerzy - Adwokaci i Radcowie Prawni sp.p. The legal advisor to the Offering Managers in connection with the Offering was the law firm DLA Piper Gizinski Kycia sp.j. Grant Thornton served as the Company's auditor, and InnerValue was responsible for communications of the Offering.