Zalando, the European online retailer of clothing and footwear, will conduct an initial public offering on the stock exchange based on the placement horizon of 18-22,5 euros. The company plans to conduct an IPO based on a business value of 4,1-5,1 billion euros.
Zalando has already received approval for the placement of shares on the stock exchange with the Federal Office for Financial Supervision of Germany.
Recall that the German online store Zalando reached profitability in the first half of the year 2014. The company's revenue in 2014 is expected to reach 2 billion euros. Investors in Zalando are Kinnevik, Holtzbrinck Ventures, DST Euro.