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Retail & Consumer

Fashion e-tailer About You eyes 4 bln euro valuation in Frankfurt listing

1 minute read

BERLIN, June 8 (Reuters) - 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, and invest the proceeds in international expansion and in its business-to-business technology platform.

($1 = 0.8211 euros)

Reporting by Douglas Busvine Editing by Caroline Copley

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