AMSTERDAM—The owner of WeTransfer, which offers file sharing and collaboration tools said on Wednesday the company will seek an initial public offering of shares and listing on Amsterdam’s Euronext stock exchange. The Amsterdam-based company, soon to be renamed “The Creative Productivity Group NV” said its offer, for which a date has not yet been set, would include both a primary sale of 160 million euros ($182 million) in new shares and a secondary offering of existing shares by current owners and managers. The company, best known for the WeTransfer file transfer service, has 87 million monthly users and the group estimates it had sales of more than 100 million euros in 2021, it said in a statement. “Our differentiated and proven ‘freemium’ business model, combining subscriptions and premium advertising, has underpinned our consistent track record of strong, profitable growth,” chief executive Gordon Willoughby said. The company reported adjusted earnings before …
WeTransfer Owner Seeks Amsterdam IPO, Plans $182 Million Share Issue
January 13, 2022
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