AMZN Stock – Amazon com : French delivery company Colis Priv gets IPO document cleared
PARIS, June 14 (Reuters) – French parcel delivery company
Colis Privé said the country’s markets watchdog had approved its
initial public offering (IPO) registration document, marking the
first step for a listing on Euronext’s Paris stock
The group, which did not provide a fundraising target or a
detailed description of its shareholding structure, wants to
expand overseas, starting with Belgium, Luxemburg and Morocco.
U.S. E-commerce giant Amazon is Colis Privé’s main
customer and holds 9.65% of its shares, the French company said.
Colis Privé’s full-year revenue grew by 46% in 2020 from a
year earlier to 233.8 million euros ($283 million). Earnings
before interest, tax, depreciation and amortisation (EBITDA)
were up by 94% over the same period to 21.5 million euros.
Colis Privé said its first-quarter sales jumped by 58% from
a year ago to 64.2 million euros, and it expected underlying
sales in France to surge by 25% this year from 2020.
($1 = 0.8260 euros)
(Reporting by Gwénaëlle Barzic and Mathieu Rosemain
Editing by Sudip Kar-Gupta)