Sunday 24 January 2021

We Transfer looks to Amsterdam IPO, is in talks with banks: Sky News

Photo: DutchNews.nl

Dutch file sharing giant WeTransfer is in talks about a stock exchange listing, and Amsterdam is the likely destination, according to British broadcaster Sky News.

Sky says WeTransfer is ‘joining the queue of European technology companies lining up to go public’ and is already in talks to appoint investment banks to oversee the IPO.

We Transfer offers a variety of content sharing and other apps. The company was founded in Amsterdam in 2009 by Bas Beerens and Ronald Hans and evolved from Beerens’ frustration at not being able to share large files easily.

The company is said to have seen a surge in demand since the start of the pandemic as more people work from home. According to the Financieele Dagblad, a flotation could value the company at some $1bn.

In 2018, the Telegraaf first reported that the company was considering a European IPO.

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