Companies investing in Allegro hope to sell a large part of their shares.
Bloomberg announced that the price of each was set at PLN 60. For the company's investors, this is undoubtedly negative news, so Allegro's valuation on Wednesday morning fell by more than 6%. On Tuesday, Allegro announced that shareholders Cidinan, Permira VI Investment Platform and Mepinan are counting on selling up to 76.5 million shares in an accelerated accounting process. The market value of the package is almost PLN 4.9 billion.
On Tuesday, Allegro shares were valued at PLN 63.63 per share. After the opening of the session on the next day, the price dropped to PLN 59.00, which means a decrease of over 6%.
Is it a coincidence that the sale of such a huge block of shares takes place within a few days after Amazon joins Poland?
Amazon's unfair practices have been known for years. With its monopoly position, it can stir up a lot on the market. Although the sale of Allegro shares is negative news, let's hope that this is a decision of investors and not Amazon's influence.