Zappos Clone Zalando To File For $657M IPO In Frankfurt In 2014
Rocket Internet, the Berlin-based global e-commerce incubator, is widely believed to be preparing to go public, but in the meantime, Zalando, a Zappos-style European fashion portal with 13.5 million active customers that Rocket nudged out of the nest around a year ago, is now spelling out its own IPO intentions. The German company will list in Frankfurt sometime this year, and it will sell between 10% and 11% of its shares to raise around $657 million.
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