After Alibaba's IPO on Wall Street, another e-commerce star is ready for listing, this time on the Frankfurt Stock Exchange. It's about Zalando, which foresees the landing on the price lists on 3 October. The offer starts today for investors in Germany and Luxembourg (in the US it is aimed only at institutional investors) and will close on the first day of next month. The share price was set in a range between 18 and 22,5 euros.
The free float will be equal to 11,3% of the group's capital, which corresponds to 28,1 million shares. The company should therefore collect from the market a sum between 507 and 633 million euros. The valuation of the entire group, on the other hand, reaches a peak of 5,6 billion.
Zalando was born only six years ago and today it is present in 15 countries, led by a group of thirty-somethings. It is based in Berlin and specializes in the online sale of footwear, clothing and fashion accessories. Morgan Stanley, Goldman Sachs and Credit Suisse are the advisors of the transaction, while Deutsche Bank and Jp Morgan will be the joint bookrunners.
