September 29, 2014 / 5:35 PM / 5 years ago

Zalando to price its shares at 21.50 euro for IPO: sources

Parcels of Europe's biggest online fashion retailer Zalado are pictured during a media presentation in Berlin August 28, 2014. REUTERS/Fabrizio Bensch

FRANKFURT (Reuters) - Online fashion retailer Zalando (ZALG.F) is set to price its shares at 21.50 euros ($27.28) per share for its initial public offering (IPO), sources familiar with the matter told Reuters on Monday.

The Berlin-based company has said that it aims to raise between 507 million euros and 633 million euros from the IPO, including potential over-allotment shares, valuing the company at up to 5.6 billion euros.

Reporting by Alexander Huebner and Arno Schuetze, Writing by Edward Taylor; Editing by Kirsti Knolle

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