Online fashion giant Zalando has set the price range for its upcoming IPO to a maximum of 22.5 euros per share, which implies that its valuation at the high end would be more than 5 billion euros.
Confirmed (finally): Germany-based online fashion powerhouse Zalando is plotting an IPO in the second half of 2014, planning to list up to 11 percent of shares on the Frankfurt Stock Exchange.
German online fashion retail powerhouse Zalando says its group revenues have increased by almost 30 percent in the first half of this year, hitting more than 1 billion euros for the six-month period.
Online fashion store Zalando saw sales of up to 560 million euros in the second quarter of 2014 on strong mobile growth, and recorded revenues of more than 1 billion euros for the first half of the year.
South African media company Naspers has acquired the remainder of shares in Turkish e-commerce juggernaut Markafoni, thus becoming its full owner. Founder and CEO Sina Afra is leaving the company.
Amsterdam-based Booking.com, the world’s largest hotel booking site with 425,000 hotels, says the total transaction value of mobile accommodation bookings grew to over $8 billion in 2013.