Europe’s Largest Web Fashion Retailer Zalando Plans IPO
This article is for subscribers only.
Zalando SE, Europe’s largest online-only shoe and fashion retailer, plans to sell as much as 11 percent of its shares in an initial public offering this year in the first major IPO for Berlin’s startup scene.
The seller of products from $2,000 designer dresses to Adidas AG German soccer jerseys plans to sell a stake of at least 10 percent in the second half on the Frankfurt stock exchange, Zalando said in a statement. The offering may value the company at 4 billion euros ($5.3 billion) to 5 billion euros, people familiar with the matter have said.