Comment / Snapshot: Why frothy InPost could have been frothier still

Unsurprisingly, InPost shares uncorked with a pop when they debuted in Amsterdam last week.

The Polish delivery locker firm priced at the top end of its indicated €14-€16 per-share price range, before immediately jumping to over €20.

Today, they’re hovering just under that level with, it’s fair to say, more askers than bidders (see the picture below) at multiple levels between €19.7 and €20.1.

Our pre-IPO coverage suggested InPost’s €8 billion valuation (now €10 billion) was perhaps a tad frothy, with enormous growth ...