Zappos-Style Fashion Portal Zalando To File For $657M IPO In Frankfurt In 2014
Rocket Internet, the Berlin-based global e-commerce incubator, is widely believed to be preparing to go public, but in the meantime, Zalando, a Zappos-style European fashion portal with 13.5 million active customers that Rocket nudged out of the nest around a year ago, is now spelling out its own IPO intentions. The German company will list in Frankfurt sometime this year, and it will sell between 10% and 11% of its shares to raise around €500 million ($657 million).
Overall the valuation of Zalando is estimated to be up to about €6 billion ($7.9 billion).
The news comes as we gear up not just for Rocket Internet’s own listing, but also that of Alibaba, the China-based e-commerce leviathan that is widely expected to break records when it lists in the U.S.
While there have been murmurs about this about to happen since May, the new developments are now confirmed. Zalando itself has now…
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