Dutch electronics retailer Coolblue is delaying its planned IPO until after the summer, the FD reports. People familiar with the matter said the company had been ready to list in Amsterdam but has now decided to wait. There appears to be no hurry given the company's strong performance during the ongoing coronavirus restrictions.
Coolblue is 51 percent owned by co-founder and CEO Pieter Zwart, while investment group HAL holds the remaining 49 percent. HAL has a book value of EUR 250 million for the stake. Analysts expect the company could raise EUR 3-4 billion in the IPO, and even up to EUR 6 billion.
According to the FD's sources, Zwart wants more time to prepare the management for life as a public company and handling investor relations. CFO Daphne Smit also is about to take maternity leave.
