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Fashion favourite Zalando steps from shoes to stocks

Fashion favourite Zalando steps from shoes to stocks
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Europe’s biggest online fashion and shoe company Zalando plans to sell up to 11 percent of the business to investors.

It will list on the Frankfurt stock exchange this year in Germany’s biggest technology flotation in years, which could value the company at as much as six billion euros

The hundreds of millions of euros raised will be used to fund further expansion.

The news comes days after Zalando unveiled a new advertising campaign, website, packaging and apps.

Fashion is one of the fastest growing e-commerce areas, and the listing comes amid a flurry of flotations this year, including Chinese giant Alibaba and German venture capital firm Rocket Internet.

Rocket Internet helped launch Zalando and many other start-ups.

with Reuters