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Zalando offers shares at EUR 18.00-22.50 in IPO

Thursday 18 September 2014 | 10:43 CET | News
Online fashion retailer Zalando has set a price range for its IPO of EUR 18.00 to EUR 22.50 per share, according to WirtschaftsWoche on its website. This would raise EUR 507 to EUR 633, including the overallotment option, or EUR 441 million to EUR 551 million without. The magazine said this is less than had been expected. Earlier media reports had said the e-commerce company was aiming for up to EUR 750 million. Zalando will be placing 11.3 percent of its shares on the market, and the price range values the whole company at up to EUR 5.6 billion.

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Categories: Internet
Companies: Rocket Internet
Countries: Germany
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