Shoper, a Polish company offering services to online retailers, is planning to carry out an initial public offering (IPO) in Warsaw this year, newspaper Puls Biznesu reported on March 8.

Poland’s online retailing boomed last year in the wake of the COVID-19 (coronavirus) pandemic. With millions locked at home, online shopping and services surged. That has attracted investors. Last year’s IPO of Polish e-commerce giant Allegro and the Amsterdam Euronext debut of automated parcel locker operator InPost both proved hits.

Shoper offers e-commerce retailers one-stop-shop solutions for online sales, some in cooperation with InPost, but also with Google or Facebook. The company runs the business in the software as a service (SaaS) model, serving over 20,000 online stores, according to Puls Biznesu.

“The share of the e-commerce segment in the retail sector is only 14% so the best years are still ahead of us. The number of online stores will increase dynamically, and we want to continue to grow much faster than the market,” CEO and founder Marcin Kuśmierz told the newspaper.

Shoper’s sales grew 69% to almost PLN50mn last year, with ebitda surging 104% to PLN22mn. Net take tripled to PLN12.5mn.

Poland’s e-commerce market is poised to grow 12% a year on average, reaching the value of PLN162bn (€36bn) in 2026, a report by the consultancy PwC assessed last month.

The market boomed last year to reach some PLN83bn, an expansion of 36% versus 2019, PwC said. That was 14% of Poland’s entire retail sales last year.