E-commerce group Allegro soars nearly 60% on market debut
Market value surges to about $17.6bn to become Poland’s biggest listed company
12 October 2020 - 16:52
Warsaw — Shares in Polish e-commerce group Allegro leapt nearly 60% on their trading debut on Monday, giving the company a market value of about $17.6bn in Europe’s biggest IPO so far in 2020.
Allegro’s strong start mirrored the performance of some recent US IPOs that have shot up on their first days of trading, demonstrating investors’ willingness to pay for growth...
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