WeTransfer has revealed that its gross sales elevated by greater than 1 / 4 in the course of the coronavirus pandemic because it prepares for a possible inventory market float.
Income on the file-sharing platform rose 26% to €65m (£55m, $75m) final yr, whereas rising 64% to €45m within the first half of 2021, it stated on Monday.
The Amsterdam-based agency, which has been worthwhile since 2013, has benefited from the transition to distant work in the course of the well being disaster.
It is now rolling out a brand new portal function to assist freelancers handle their workflow with purchasers, and is trying to increase its providing with new options together with a cell app that allows you to ship and obtain recordsdata. permits to do. Greater than 1.5 billion recordsdata are shared each month by its service.
WeTransfer is reportedly contemplating a list on the Amsterdam Inventory Trade (^AEX) Which might be value €1bn.
It appointed Financial institution of America-Merrill Lynch (MER-PK) and Morgan Stanley (MS) as world coordinators for the preliminary public providing, ABN AMRO (ABN.AS) and Barclays (BARC.L) for the deal. Appointed as Bookrunner.
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In line with its web site, WeTransfer considers enterprise capital agency Highland Europe as its largest investor with a 57.6% stake. HPE Development, which led the €35m funding spherical in 2019, controls 13.5% of the corporate.
The variety of inventory market listings worldwide this yr has surpassed all preliminary public providing (IPO) exercise all through 2020, new knowledge confirmed. Moreover, the variety of European listings reached their highest degree in 14 years within the first half of the yr.
In line with EY, world volumes have elevated by 87%, and earnings have elevated by 99% year-on-year.
The information confirmed that the latest quarter of 2021 was essentially the most lively third quarter by way of deal numbers and earnings within the final 20 years.
Q3 noticed 18% extra offers than the earlier third quarter’s file, which was set in 2007, and 2020 noticed 11% increased earnings than the earlier record-setting Q3.
Regionally, Europe, the Center East, India and Africa (EMEIA) outperformed the Americas and Asia-Pacific (APAC), with a rise of 476 IPOs year-on-year.
Learn extra: IPO watch: From Darktrace to Deliveroo, the winners and losers of the London itemizing
Expertise corporations, healthcare and industrialists continued to steer the cost, with extra curiosity in particular function acquisition corporations (SPACs).
SPAC, or so-called “black verify” corporations, have grown quickly in reputation over the previous yr. They’re corporations that don’t have any enterprise operations that increase cash by inventory market listings after which use that cash to buy one other enterprise.
See: What are SPACs?