WeTransfer to Amsterdam stock exchange: Dutch file sharer is growing fast | Financial

The company reported this before trading on Wednesday. At the beginning of last year, De Telegraaf reported its plans for a stock exchange listing. At the time, WeTransfer would be valued at one billion euros when listed.

WeTransfer was founded in 2009 by Ronald Hans, Rinke Visser and Bas Beerens out of frustration about the fact that sending heavy files often got stuck on the maximum size of files that e-mail messages can handle and there was no easy, free way to still send large files.

CEO George Willoughby has been talking about an IPO for his company since 2016 and previously mentioned 2021 as the year in which that should happen.

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The company aims to raise €160 million through the issuance of new shares, which it intends to invest in further growth, acquisitions and the development of new products, it said in a statement. In addition, current shareholders, including investors Highland and HPE Growth, and staff will sell shares for an undisclosed amount. A price for the share or an estimate of what the company will be worth on the stock exchange has not been released.

WeTransfer has also continued to grow strongly in the past year with revenue coming in 68% above the level of a year earlier at €72 million in the first nine months. Operating profit grew by 30% to €21 million.

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