Rocket Internet this morning confirmed its intention to float its shares on the Frankfurt Stock Exchange in 2014. All current shareholders have promised not to sell shares for at least 12 months.
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.
What are the challenges and opportunities of being part of the European startup ecosystem? Four entrepreneurs from across the region weigh in on funding, cultural advantages and thinking global.
Free webmail providers Web.de and GMX – subsidiaries of Germany’s United Internet – have been caught trying to deceive users into uninstalling ad-blocking browser extensions like Adblock Plus.
German startup Doo has decided to shut down its cloud-based document archiving and search apps after having raised $10 million in funding, but the team is looking to reboot and build new products.