FILE PHOTO: WeTransfer logo is seen on a smartphone in front of displayed stock graph in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration
AMSTERDAM (Reuters) -The company that owns the WeTransfer file service is cancelling its initial public offering (IPO), Europe's first prominent tech flotation of the year, it said on Thursday, citing volatile market conditions.
WeRock, best known for the WeTransfer file transfer service, had planned a Jan. 28 flotation on Amsterdam's Euronext that would have valued the company at between 629 million and 716 million euros ($714 million-813 million).
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