After seeing colleagues going public, the Danish Fintech Shopbox is considering making the same move. Shopbox expects extensive growth in its turnover, and the company is striving to become the dominant player in the payments market in a few years time.
“We have the numbers to back it up”, said Christian Zigler, Co-founder and Chairman of the Board at Shopbox said to Finaswatch. “At the moment we experience a great interest in listed companies, and a lot of companies at First North are doing very well. At Shopbox we have been looking at the possibilities for listing Shopbox. Compared to other listed companies we believe that we have sufficient capital to become listed.”
Shopbox offers a point-of-sale (POS) solution to merchants. This solution can be used online and in physical stores, with the POS market growing rapidly – both in the north and the rest of the world.
Zigler added: “Shopbox is a concept that everyone can understand. Thus, everyone can see that there is a need for new digital solutions in the stores and in the payments market in general. All people have been in a store or know somebody who has been in a store – and it is obvious to everyone that something is changing”.
In terms of actually listing the company, the stock price and valuation is crucial. Zigler estimates that its valuation will be relatively high due to its product and its people. Currently, the company is looking at acquiring other companies from the same industry as well as enter new partnerships to help increase turnover. Listing a company is not cost-free and all funds are planned to go towards the companies growth as they strive to lead the POS market.
However, the team is confident. “We have a better reason to consider listing Shopbox now. And our numbers show that we are growing. We know how much it costs to acquire each new customer ”, said Zigler.
