Arab Today, arab today zalando sets ipo share price
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Zalando sets IPO share price

Arab Today, arab today

Arab Today, arab today Zalando sets IPO share price

Employees of the internet retail company Zalando
Berlin - AFP

Europe's biggest online fashion retailer, Zalando, on Monday set the share price for its IPO at 21.5 euros, near the high end of its targeted range.
It had been expected to set the share price at between 18 and 22.5 euros.
At that price, Zalando would be able to raise about 605 million euros ($768 million), slightly less than the maximum amount it had hoped to bring in of 633 million euros.
Its Initial Public Offering of 11.3 percent of its capital via new shares is set for the Frankfurt Stock Market on Wednesday. It is expected to be one of the biggest IPOs on the German exchange in the past few years.
Another German company attracting investor interest, start-up incubator Rocket Internet is also set to start trading on the Frankfurt exchange on Thursday, aiming to raise 1.48 billion euros.
Founded in 2008, Zalando is a direct competitor of US online retailer Amazon's online fashion vending business, and posted a turnover of 1.8 billion euros in 2013.
In the first six months of this year, it booked a tiny profit of 200,000 euros on sales of 1.05 billion euros.
"Reaching break-even in the first half of 2014 is an important milestone which underlines the attractiveness of our business model," said Zalando board member Rubin Ritter earlier this month.
"Going public is the next logical step in Zalando's development, as it provides us with the necessary flexibility to pursue our long-term expansion plans," Ritter said.
Zalando is present in 15 countries, including France and Belgium. While it initially started off selling just shoes in 2008, it now offers full range of clothing and fashion items from 1,500 different brands.
According to a German television documentary earlier this year, however, working conditions for company's employees are tough, with workers in its logistics centre walking up to 27 kilometres (17 miles) on an eight-hour shift to fetch and carry the items for customer orders.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today zalando sets ipo share price Arab Today, arab today zalando sets ipo share price

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today zalando sets ipo share price Arab Today, arab today zalando sets ipo share price

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday