Get all your news in one place.
100's of premium titles.
One app.
Start reading
Asharq Al-Awsat
Asharq Al-Awsat
Lifestyle
Asharq Al-Awsat

Fashion E-Tailer About You Eyes 4B Euro Valuation in Frankfurt Listing

FILE: A model presents a fashion creation. REUTERS/Alessandro Garofalo

German fashion e-tailer About You set a price range of 21 to 26 euros per share on Tuesday for its stock market listing, putting a prospective valuation of around 4 billion euros ($4.9 billion) on the business.

The Hamburg startup will sell new shares worth 600 million euros via a private placement as part of the offering, according to Reuters.

It will also invest the proceeds in international expansion and in its business-to-business technology platform.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.