European Online Fashion Retailer Zalando Announces IPO — forbes.com

European fashion online retailer Zalando put speculation to bed on Wednesday by announcing plans for its long-awaited initial public offering on the Frankfurt Stock Exchange later this year. The Berlin-based company said in a statement that it plans to sell between 10 to 11 percent of the company in the offering, though it did not disclose how much money it was intending to raise. The company is currently valued at $5.3 billion based on private valuations.

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