Inpost stock surged 30% after Amsterdam IPO

The Polish company InPost (INPST.NL) made a successful debut on the Amsterdam stock exchange today. Parcel locker firm shares introduced for €16 each, quickly jumped to €21.02. InPost shareholders raised €2.8 billion ($3.4 billion) as an online shopping boom drives up demand for its automated parcel lockers. These lockers save time for parcel deliverers, as they do not have to drive into the neighborhoods and deliver parcels to their homes. InPost, which owns over 12,000 parcel lockers mainly in Poland and the United Kingdom is also planning to expand in Italy, France and Spain, due to increasingly tough competition on the home market.

InPost (INPST.NL) initially stock jumped 30 % to €21.02 after which price pulled back to € 18.30. It seems that recent weakness could be ascribed to general profit taking. Source: xStation5

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