Brilliant debut for Zalando, the European online clothing sales platform, at Frankfurt Stock Exchange. The stock opened up 12%, at 24,10 euros, from the IPO price of 21,50 euros, which corresponded to a valuation of 4,9 billion euros. In the'listing operation, the group raised 604 million euros.
The company is present in 15 countries and is led by a group of thirty-somethings. With the Zalando operation and with the IPO twin of Rocket Internet also arriving in Germany, Oliver Samwer and his two brothers Marc and Alexander are preparing to become billionaires.
The three brothers, who entered the business very young, with their Global Founders Fund, control 52,3% of Rocket and also hold a 17% stake in Zalando. With the listing of the two companies on the Stock Exchange, the three brothers aim to create a large e-commerce hub.
