Coolblue is considering an IPO

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Coolblue is thinking about an IPO. The director and founder of the web store, Pieter Zwart, says that an IPO has not yet been decided. According to shareholder HAL, an IPO could take place this year.

In a video, Zwart says that he and his team are ‘thinking very hard about bringing Coolblue to the stock market’. His brief statement is related to regulations from the European Regulation on market abuse with regard to inside information. Zwart says that he must communicate about these plans, because an IPO is being considered and because one of the largest shareholders is already listed.

That shareholder is investor HAL. This company has also released an official announcement in response to its consideration of a share issue. The investor currently owns 49 percent of the shares in Coolblue. HAL says the issuance is expected to take place sometime this year, although that depends on a number of things, including financial market conditions.

If the plans go ahead, Zwart says he will remain the largest shareholder and will continue to do business. In doing so, the director indicates that he does not intend to redeem his shares in an actual IPO.

The company recently published the figures for 2020, which showed that turnover has increased from 1.5 billion euros in 2019 to 1.99 billion euros in 2020. That is an increase of 34 percent. Coolblue did good business especially because of the many working from home. Operating profit or EBITDA rose from EUR 48 million to EUR 114 million.

At the presentation of last year’s financial figures, Coolblue already indicated that it wants to expand its business units for solar panels and charging stations and that it also wants to open new stores and expand the warehouse.

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