The value of the offering Shoper amounted to PLN 363 million. Reduction of retail subscriptions at 92.5 percent.

Shoper S.A., owner of Poland's most popular e-commerce platform for running an online store, has allocated the shares offered in the public share offering. The price of the shares sold was set at the maximum price, i.e. PLN 47.00, which means that the value of the entire offering amounted to PLN 363 million. The Shoper offering attracted very high interest, resulting in a 92.5% reduction in subscriptions from individual investors. Shoper plans to debut on the WSE within a few days.

The Shoper offering included 7,731,628 shares in the company, representing 27.11 percent of the company's share capital and 27.50 percent of votes at the General Meeting (together with the stabilization option, about 9 percent of the number of shares in the offering). 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 selling shareholders and the Company agreed not to sell or issue shares in the company for 360 days after the offering.

According to the allocation, individual investors will take up 623,512 shares, representing about 8.1% of the offered shares, and institutional investors will receive the remaining 7,108,116 shares, representing about 91.9% of the offered shares.

- I would like to thank all investors who have familiarized themselves with our company's activities and participated in the offer. I believe that the successful implementation of our strategy and the further development of Shoper against the backdrop of the growing e-commerce industry in Poland and worldwide will reward the time and trust shown to us. We are very pleased with the IPO and the interest it generated among individual and institutional investors, as reflected in the high level of reduction," comments Marcin Kuśmierz, CEO of Shoper.

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. The value of the entire offering was about PLN 363 million.

- I am pleased with the large number of individual investors who have signed up for shares in Shoper. They see the high potential of the e-commerce industry, and we are proud to be another representative of this rapidly growing segment on the Warsaw Stock Exchange. We have an intense period ahead of us and ambitious goals to achieve, while we are prepared for this task," adds Marcin Kuśmierz.

The debut of Shoper on the WSE is planned within days.