Snapshot: InPost surges on debut

We warned you the IPO of InPost received a strong interest from the market, in spite of hefty trading multiples associated to the offering.

In a release, Euronext congratulated “InPost, the Polish e-commerce enablement company, on its listing on Euronext Amsterdam (ticker code: INPST).”

“The listing of InPost marks the next phase in the company’s growth strategy of the company as it looks to deliver on its vision of becoming Europe’s leading solution for out-of-home e-commerce parcel delivery in Europe. The Polish company also has a growing presence in the UK. InPost was listed through the admission to trading of 500 million shares, with the issue price set at €16.00 per share. The company’s market capitalisation was €8.0 billion on the day of listing,” it added.

So today’s action on its debut shouldn’t surprise anybody, right?

Well.

Priced at €16 a share and based on that level, its valuation rose as much 32.5% in early trade.

(Source Google)

In case you missed it, our previous coverage is here: “In Post’s IPO delivers at whopping multiples“.