It’s expected the IPO may take place in 2021
Netherlands-based omnichannel retailer considers IPO. Source: flickr.com
According to Ecommerce News, Coolblue is considering an initial public offering. HAL investment company, which currently has a 49% interest in Coolblue, has confirmed the IPO consideration.
HAL confirmed the IPO consideration just a day after Coolblue reported revenues of nearly €2 billion and an unaudited EBITDA of €114 million. This is €66 million more than in the year before.
In February, Coolblue suddenly stopped its affiliate marketing program they expected delivery problems from China. This way, they stopped many of its marketing activities to slow down sales and to completely fill its stock first.
The omnichannel retailer, founded in 1999, also opened stores in the Netherlands (Leiden) and Belgium (Hasselt) and even a flagship store in Brussels. Additionally, the company expanded its bicycle network: some orders are now being delivered to customers by bike in over 20 cities.
We’ve reported that Amazon Fresh delivery service expanded to one more country.
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