Wednesday, September 17, 2014 21:12
FRANKFURT (Reuters) – The IPO of the German online store Zalando company has to pay between 507 and 633 million euros, or 18 to 22.50 euros per share. Investors in Germany and Luxembourg can subscribe from Thursday and trading on the Frankfurt Stock Exchange is expected to start on 1st October.
That made Wednesday Zalando known. The company wants to bring a stake of up to 11.3 percent to the stock market. This will happen through the issue of new shares. The current owners retain their interest. The proceeds of the IPO will be used to invest in growth plans
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