WeSports, an e-commerce startup in Malmö, is eyeing an IPO under new CEO Ted Sporre, who has a strong background in growth execution and e-commerce leadership. The company, founded in 2019, has shown rapid growth, achieving impressive turnover figures. Johan Ryding, chairman, emphasized the importance of preparing for the IPO by having a robust business model and favorable market conditions. Sporre's appointment marks a strategic shift as WeSports aims to solidify its position in the competitive sports retail industry and transition to a publicly listed entity.
"We are delighted to welcome Ted to WeSports Group. With his drive and experience, he will contribute strongly to our continued growth and development. His leadership style and ability to challenge competitive and established markets, as well as scaling entrepreneurial businesses, make him a perfect fit for the next step in our journey."
"We aim to have a solid business and be 'IPO ready,' meeting the stock market's requirements. We are also looking for a favorable equity market."
"WeSports Group's development since 2019 has been remarkable, going from a local challenger to an international player in the e-commerce sports retail space."
"Ted Sporre brings extensive experience in executing growth plans, e-commerce, and leadership in international listed environments, essential for our transition into a public company."
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