WeTransfer, the Netherlands file-sharing platform, is expected to go public on Euronext, Amsterdam’s stock exchange.
In what would be Europe’s first sizable initial public offering (IPO) of the new year, the Amsterdam-based firm, a division of WeRock NV, is seeking to raise 160 million euros ($182.7 million) in the offering.
Existing investors Highland Europe Technology and HPE Institutional Fund II will sell their shares, according to a statement.
While a date has not yet been set for the IPO, WeRock said its offer would include a primary and secondary offering of shares.
The company told Reuters that WeTransfer has 87 million monthly users and expects to have had sales of more than 100 million euros ($114 million) in 2021.
Proceeds will be used for staffing, marketing and possible acquisitions, the company said.
“Our differentiated and proven ‘freemium’ business model, combining subscriptions and premium advertising, has underpinned our consistent track record of strong, profitable growth,” CEO Gordon Willoughby said in a statement.
Less than two weeks into the new year, PYMNTS has reported on multiple IPOs. On Monday (Jan. 10), Mattress Firm Group filed an IPO with the Securities and Exchange Commission (SEC).
Read more: Mattress Firm Group Begins IPO Process
Also on Monday, digital payments startup Pine Labs filed confidentially with the SEC for an IPO to raise $500 million at an estimated valuation between $5.5 billion to $7 billion.
Learn more: Digital Payments Startup Pine Labs Files for $500M IPO at Valuation as High as $7B
Last week, Tuhu, a Chinese online car services platform, backed by Goldman Sachs Group Inc. and Tencent Holdings Ltd. among other investors, said it was relocating its IPO from the U.S. to Hong Kong.
See also: Tuhu Online Car Services Launching IPO in Hong Kong
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