DGAP-News
Zalando SE: Price range for Zalando shares set at EUR 18.00 to EUR 22.50
DGAP-News: Zalando SE / Key word(s): IPO
Zalando SE: Price range for Zalando shares set at EUR 18.00 to EUR
22.50
17.09.2014 / 20:30
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NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN
WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Price range for Zalando shares set at EUR 18.00 to EUR 22.50
- Total offer volume of EUR 507 million to EUR 633 million including
over-allotment
- Public offer period to start on 18 September 2014
- Admission to trading on the regulated market (Prime Standard) of the
Frankfurt Stock Exchange planned for 1 October 2014
Berlin, 17 September 2014 - Zalando has set the price range for the shares
of Zalando SE at EUR 18.00 to EUR 22.50. The shares will be publicly
offered starting 18 September 2014 to private investors in Germany and
Luxemburg. In the United States Zalando, shares will be offered to
qualified institutional investors via a placement under Rule 144A under the
U.S. Securities Act of 1933, as amended. The final offer price will be
determined based on a book building process.
The planned offer will comprise of 24,476,223 newly issued shares and up to
3,671,433 shares in connection with a potential over-allotment. If all
offered shares, including the possible over-allotment, are placed,
approximately 11.3 per cent of the Company's share capital (post-IPO) will
be placed. Depending on the placement price within the price range, and
assuming complete placement of all shares offered, the offer volume will be
between EUR 441 million and EUR 551 million (excluding the possible
over-allotment) or between EUR 507 million and EUR 633 million (including
the possible over-allotment).
The Management Roadshow for institutional investors will kick off on 18
September 2014. The company already has cornerstone investments secured in
the amount of about EUR 127 million underlining the strong interest in the
company and the offering. Investors include the Scottish Mortgage
Investment Trust Plc, Baillie Gifford's flagship investment trust. Upon
successful conclusion of the offering, trading in the shares on the
regulated market (Prime Standard) of the Frankfurt Stock Exchange is
planned to commence on 1 October 2014 under the German Securities Code
(WKN) ZAL111 and International Securities Identification Number (ISIN)
DE000ZAL1111.
All existing shareholders will remain invested, as the entire offering
UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN
WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Price range for Zalando shares set at EUR 18.00 to EUR 22.50
- Total offer volume of EUR 507 million to EUR 633 million including
over-allotment
- Public offer period to start on 18 September 2014
- Admission to trading on the regulated market (Prime Standard) of the
Frankfurt Stock Exchange planned for 1 October 2014
Berlin, 17 September 2014 - Zalando has set the price range for the shares
of Zalando SE at EUR 18.00 to EUR 22.50. The shares will be publicly
offered starting 18 September 2014 to private investors in Germany and
Luxemburg. In the United States Zalando, shares will be offered to
qualified institutional investors via a placement under Rule 144A under the
U.S. Securities Act of 1933, as amended. The final offer price will be
determined based on a book building process.
The planned offer will comprise of 24,476,223 newly issued shares and up to
3,671,433 shares in connection with a potential over-allotment. If all
offered shares, including the possible over-allotment, are placed,
approximately 11.3 per cent of the Company's share capital (post-IPO) will
be placed. Depending on the placement price within the price range, and
assuming complete placement of all shares offered, the offer volume will be
between EUR 441 million and EUR 551 million (excluding the possible
over-allotment) or between EUR 507 million and EUR 633 million (including
the possible over-allotment).
The Management Roadshow for institutional investors will kick off on 18
September 2014. The company already has cornerstone investments secured in
the amount of about EUR 127 million underlining the strong interest in the
company and the offering. Investors include the Scottish Mortgage
Investment Trust Plc, Baillie Gifford's flagship investment trust. Upon
successful conclusion of the offering, trading in the shares on the
regulated market (Prime Standard) of the Frankfurt Stock Exchange is
planned to commence on 1 October 2014 under the German Securities Code
(WKN) ZAL111 and International Securities Identification Number (ISIN)
DE000ZAL1111.
All existing shareholders will remain invested, as the entire offering