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FRANKFURT May 7 Europe's biggest online fashion
retailer Zalando has picked banks to organise a possible stock
market listing in the third quarter, people familiar with the
The flotation, which would likely value the company at more
than $5 billion, will be organised by Credit Suisse,
Morgan Stanley and Goldman Sachs, the sources
The company on Wednesday reiterated it was constantly
considering all options including an initial public offering
(IPO) and declined to comment further.
Zalando has said in the past that an IPO was a possibility
but not an immediate priority.
The IPO could be western Europe's biggest technology
offering since Germany's T-Online went public in
(Reporting by Arno Schuetze and Alexander Hübner; Editing by
Ludwig Burger and Louise Heavens)