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Given modest competition, the Polish parcel pick-up locker provider should snatch market share from traditional delivery services
Allegro’s success does not change government’s ambivalence towards foreign capital
Shares jump as much as 65% in country’s biggest-ever IPO
Equity value of $11bn makes ecommerce group the country’s most valuable listed company
Allegro’s listing brings new energy to sluggish capital markets and an underperforming stock exchange
Timing of IPO reflects heightened investor excitement for online shopping during pandemic
Advisers to private-equity backed group are targeting a valuation of between €10bn and €12bn
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