Will all offline retailers decide to list e-commerce subsidiaries on the stock exchange? How high will valuations be? With the expected IPO of Bol.com in the Netherlands, these companies have a high profile.
International investors are increasingly interested in European grocery pure-players. After the Dutch company Picnic, which in September raised €600 million from Bill and Melinda Gates’ fund, it is now the turn of the American activist investor Elliott Advisors to bet on the food sector. The latter will support the IPO of the e-commerce branch of the Dutch company Ahold Delhaize, named Bol.com. The investment is for 3%, worth around US$1 billion.
In 2020, Ahold Delhaize sales reached €74.7...
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