Żabka Group has revealed plans for an initial public offering (IPO) without issuing new shares, preparing for its debut on the Warsaw Stock Exchange (WSE). The company’s majority shareholder, CVC Capital Partners, confirmed it will remain a shareholder following the IPO.
The offering will target institutional investors in select markets and individual investors in Poland. The company itself will not receive proceeds from the sale of shares, as all funds will go to the selling shareholders, according to the company’s statement.
Żabka’s management believes that listing on the WSE will boost the company’s public profile, increasing brand awareness and attracting more interest from business partners and stakeholders. The IPO will also allow current shareholders to partially cash out their investments, while improving access to capital markets for future financing needs, particularly for potential mergers and acquisitions.
Additionally, management sees the IPO as a way to motivate senior staff and enhance Żabka’s reputation as an attractive employer.
“We are proud of our recent partnership with Żabka and remain committed to supporting the company’s growth,” said Krzysztof Krawczyk, Chairman of Żabka’s Board of Directors and Partner at CVC Capital Partners. “The IPO is a natural next step in executing Żabka’s ambitious development strategy.”
Tomasz Suchański, CEO of Żabka Group, highlighted that the growing demand for convenience in retail presents vast opportunities. “Our goal is to double our sales by 2028 and expand by opening over 1,000 stores annually in Poland and Romania,” he said.
Żabka’s financial results reflect its growth trajectory. In 2024, sales rose by PLN 2.36 billion year-on-year (up 22%) to PLN 12.89 billion. In the first half of 2024, revenues reached PLN 11.15 billion, a 21.5% increase from the same period in 2023. The company also reported an adjusted EBITDA of PLN 1.4 billion, marking a 33.5% rise year-on-year.
The Żabka Group operates over 10,500 franchise-based convenience stores, along with its innovative Żabka Nano autonomous shops. The company continues to develop its digital offerings as part of its broader ecosystem.
Source: Żabka Group and ISBnews
