Allegro, the largest b-to-c marketplace in Poland, is planning an initial public offering (IPO) that could value the business at around €10 billion ($11.2 billion U.S.), according to a report from Bloomberg.

Allegro is currently owned by private equity firms Cinven, Permira and Mid Europe, which bought the site from Naspers in October 2016. Now Allegro’s owners are preparing to seek more than €2 billion ($2.3 billion U.S.) in the offering, which is planned for sometime after the summer.

The companies have chosen Goldman Sachs Group Inc. and Morgan Stanley as global coordinators for the deal. Lazard will serve as an advisor on preparations for the potential listing.

Representatives for Allegro, Goldman Sachs, Lazard, Morgan Stanley and the private equity firms that own Allegro declined to comment on the potential IPO.

Allegro launched in 1999 and now has more than 21 million registered users. Allegro’s operating profit was 621.5 million Polish zlotys ($165.3 million U.S.) in FY2018.

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