Rohlik IPO on the Prague Stock Exchange could happen in 2027

Billionaire Tomáš Čupr, founder and CEO of the Rohlik group, is considering taking the company public exclusively on the Prague Stock Exchange. He said so in an interview with Bloomberg. The company is already selecting advisers and comparing possible venues. Rohlik could list as early as 2027, but no final decision has been made yet.

The company previously leaned toward a dual listing, meaning trading its shares on several exchanges at once. Now Prague could become the only market. “The main factor is the interest of Czech retail and institutional investors,” Čupr explained. The exchanges of Frankfurt, Amsterdam and London remain in play, as does the dual-listing option.

Strong financial results are helping the IPO preparations. In the financial year that ended on April 30, 2026, the group's revenue rose 32.8% to €1.48 billion (about 36 billion crowns), more than the company itself had expected. Adjusted operating profit (EBITDA) came to €23.2 million, compared with a loss of €20 million a year earlier. Operating cash flow was also positive. Net loss, meanwhile, narrowed from €94.3 million to €66.1 million.

In the current financial year, Rohlik intends to maintain positive operating profitability and reach net break-even between November 2026 and April 2027. Sustainable profitability will be one of the main criteria for future investors.

Czechia remains the group's largest market, bringing in about 57% of its revenue. Rohlik also operates in Germany, Hungary, Austria and Romania under the brands Knuspr, Kifli, Gurkerl and Sezamo. The German market grew fastest last year, with revenue there up almost 43%.

Čupr has been talking about an IPO for a long time. In September 2025 he told Forbes that a realistic timeframe was 2027, if the company is in the black and markets stay in good shape. “But I have to say we are preparing for it. In both reporting and management, we are bringing the company into stock-market condition,” he said at the time.

Rohlik became a unicorn in 2021, when its valuation exceeded €1 billion. In an investment round in June 2024, the company raised €160 million for further expansion. The Rohlik Growth fund valued it at €2.058 billion at the end of June this year. That, however, is a private valuation, not the price at which shares will be offered in an IPO.

The debut of a billion-euro company on its home exchange would be a notable boost for Prague and, in the view of some economists, could inspire other Czech firms not to favor foreign markets when seeking investors.

By the Around Prague newsroom