BERLIN/FRANKFURT (Reuters) – Europe’s biggest online fashion player Zalando plans to raise more than 500 million euros ($657 million) to fund expansion by listing a stake, joining a flurry of e-commerce flotations set to be crowned by Chinese giant Alibaba.
The Berlin-based firm said on Wednesday it wanted to list a 10-11 percent stake on the Frankfurt stock exchange this year, which would value the company at at least 4.5 billion euros in what would be one of Germany’s biggest technology flotations for years and Europe’s top tech listing since France’s Worldline in June.
BERLIN, Sept 4 (Reuters) – German venture capital group
Rocket Internet is bringing together its five emerging market
fashion brands to create a company worth 2.7 billion euros ($3.6
billion) and simplify its structure before a likely stock market
The deal, agreed with major Swedish investor Kinnevik
, aims to untangle complex cross-holdings by investors
in Rocket and its most successful start-ups before an initial
public offering that could be announced as early as next week.
BERLIN/FRANKFURT, Sept 3 (Reuters) – Europe’s biggest online
fashion player Zalando announced plans to list a stake in the
business in hopes of raising more than 500 million euros ($657
million) to fund further expansion.
Zalando said on Wednesday it wanted to list a stake of 10-11
percent on the Frankfurt stock exchange this year, which could
value the company at about 6 billion euros in one of Germany’s
biggest tech flotations for years.
BERLIN, Aug 28 (Reuters) – Zalando unveiled a new
advertising campaign, website, packaging and apps on Thursday -
and gave a deeper insight than ever before into the inner
workings of Europe’s biggest online fashion player as it
prepares for a likely listing.
At the German retailer’s first-ever news conference, in a
converted industrial building in trendy east Berlin, its three
management board members said the start-up launched in a
basement just six years ago was now growing up.