Home » Business » WeTransfer cancels IPO due to market turmoil

WeTransfer cancels IPO due to market turmoil

A day before WeTransfer was to be officially listed in Amsterdam, the site where large files can be shared decided to cancel the IPO. That has the parent company WeRock announced. The reason is the unrest in the stock market. This has been visible for some time, but until now the company seemed to simply continue with the plans.

At the same time, the company states that investors are very interested. It is unclear whether WeTransfer will go public at a later date. The Dutch company has 87 million monthly active users worldwide.

last fall decided online store Coolblue even to cancel a planned IPO. Then the uncertainty in the financial markets was also mentioned. A month later it turned out that parent company Ahold opened its webshop bol.com just want to bring it to the fair. This is expected to happen in the second half of this year.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.