Zalando has set the price range for the shares in its planned IPO. The online retailer wants to redeem at the emission than previously thought less money.
The online fashion retailer Zalando wants to take up to 633 million euros in its IPO. The price range for the shares was fixed at 18 euros to 22.50 euros as Zalando announced on Wednesday evening. You will be offered on Thursday to private investors.
The issue volume would therefore including an over-allotment option for the banks supporting between 507 million euros and 633 million euros. In the IPO should on this basis 11.3 percent of the company be placed in the stock market, the report said. This would lead to the entire company an extrapolated value of up to 5.6 billion euros. Previously it had been called in to media reports, Zalando Peile proceeds of up to 750 million euros. The company itself said on Wednesday for the first time to the volume of the IPO. Without the over-allotment Zalando would take 441 million euros to 551 million euros.
The former shareholders of Zalando do not want to part with the IPO of shares. There will be 24,476,223 new shares plus 3,671,433 shares for over-allotment. Zalando had announced in early September an IPO this year.
The main owner of Zalando, the Swedish investment company Kinnevik with around 36 percent and Internet investors Oliver, Marc and Alexander Samwer with 17 percent. The Samwer brothers heard the startup forge Rocket Internet, which will also go public by year end. Zalando had (“cry with happiness!”) Recovered after the foundation in 2008 with free returns and a memorable advertising campaign quickly market share. Recently, there were 13.7 million customers. The mail order company managed by start-up losses in the last quarter in the black.
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