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Super-demand for the Zalando IPO, a European mini-Alibaba

According to some financial sources, the largest European fashion retailer is considering the possibility of closing the order books a day or two ahead of schedule, due to the strong demand recorded so far, which has already exceeded the IPO quota - The company already trades on unofficial markets beyond the fixed price range.

Super-demand for the Zalando IPO, a European mini-Alibaba

She has not Alibaba numbers, but also the IPO of Zalando is thrilling investors. After the triumphal landing on Wall Street of the Chinese e-commerce giant - which achieved the richest placement in history -, now it's up to the German company to start the procedures for landing on the stock markets, scheduled for October XNUMXst on the list of Frankfurt. 

According to some financial sources cited by the Reuters agency, the largest European fashion retailer is considering the possibility of closing its books one or two days earlier than expected, due to the strong demand recorded so far, which has already exceeded the IPO quota . 

The Berlin company is already trading on unofficial markets beyond the price range set in recent days (between 18 and 22,5 euros per share). Zalando said the IPO expects to raise between €507m and €633m, including any over-allotment, valuing the group at up to €5,6bn.

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