![]() ![]() ![]() Irena Goldberg, a partner at Highland Europe, which holds a 55% stake in WeRock, said Highland remains committed to helping the company grow and does not rule out the possibility of a future listing. There was also a shift in investor mood in the United States, with Peleton rival iFIT dropping its IPO plans, while shares in fitness centre operator Life Time's opened 8% below their offer price on its debut. 12.Ģ021 was “an extraordinary year for equity formation globally - dare I say one that is unlikely to be repeated any time soon", said James Fleming, global co-head of equity capital markets at Citigroup Inc.įollowing a bumper first half of listings in 2021, deal cancellations and postponements began to be seen towards year-end, with France's Icade Sante and Switzerland's Chronext pulling deals in October. Global stock markets have had a bumpy start to the year, with the EuroStoxx 600 technology index down 6% since the company announced its intention to float on Jan. In 2021, Europe saw its highest levels of VC-backed public listings in a decade, both in terms of volume and exit amount. The IPO market closely reflects investors' appetite for risk and they tend to become more reluctant to commit large chunks of cash to a single company if the broader economic environment is showing signs of strain. WeTransfer has not disclosed its valuation ambitions, but Bloomberg reported in June that the company could seek a value of around 1 billion (about 1 billion). It will continue "pursuing our strategy and continuing our growth trajectory", Chief Executive Gordon Willoughby added.īefore cancelling its listing, which was to have included both a primary and secondary share offer, WeRock had slightly scaled back ambitions for the valuation of a part of it. It said in a statement that it had made the decision to cancel the listing "despite substantial investor interest". AMSTERDAM, Jan 12 (Reuters) - The owner of the WeTransfer file transfer service said on Wednesday the company will seek an initial public offering (IPO) of shares and listing on Amsterdam's. ![]() 28 flotation on Amsterdam's Euronext that would have valued the company at between 629 million and 716 million euros ($714 million-813 million). WeRock, best known for the WeTransfer file transfer service, had planned a Jan. ![]()
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