The value of the Shoper offering 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 its 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. Shoper's offering attracted very high interest, resulting in a 92.5 percent reduction in subscriptions from individual investors. Shoper plans to debut on the WSE in a few days.

Shoper's 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 a stabilization option of about 9 percent of the number of shares on offer). 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 bid. I believe that the successful implementation of our strategy and the further development of Shoper against the background of the growing e-commerce industry in Poland and around the world 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, which reflects 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 subscribed for Shoper shares. They see the high potential of the e-commerce industry, and we are proud that we will 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.

Shoper's IPO on the WSE is planned within days.