With over 10,500 stores and a turnover of more than 4.6 billion euros, Żabka is looking to raise 1.5 billion euros on the stock market. However, for most of us the name might not ring a bell. Who is this silent powerhouse from the East?
1,000 openings a year
Poland’s largest chain of convenience stores has ambitious IPO plans: with three million customers each day, Żabka has become synonymous with convenience in Poland. Going public is a strategic move to raise 1.5 billion euros, which the company intends to use to support its meteoric expansion. The move values the group at over five billion euros.
