Share

Zalando: 5% rebound after 20% IPO crash

Shares of e-commerce giant Zalando jumped nearly 6% at midday, narrowly exceeding €18. The figure, however positive, copes with the previous drop of 20% in the placement auction.

Zalando: 5% rebound after 20% IPO crash

The title of the online platform Zalando, a giant in the e-commerce sector, today scored a good rise, almost 6% and the title was once again traded at just over 18 euros. The data takes the form of a rebound after the crash recorded in the placement auction, when the IPO had suffered a 20% drop. Only a week ago the Zalando share was trading at more than 21 euros.

comments