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Zalando sets issue price per share at EUR 21.50
DGAP-News: Zalando SE / Key word(s): IPO
Zalando sets issue price per share at EUR 21.50
29.09.2014 / 20:16
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Zalando sets issue price per share at EUR 21.50
- Offer well in excess of ten times over-subscribed at the high end of
the price range
- Offer volume of EUR 605 million including over-allotment
- Offer of 11.3 per cent of Zalando's share capital (post-IPO) assuming
full exercise of the Greenshoe option
Berlin, 29 September 2014 - Zalando SE has set the issue price for its
shares at EUR 21.50 per share. The issue price is at the upper end of the
price range of EUR 18.00 to EUR 22.50. A total of 24,476,223 newly issued
shares and an over-allotment of 3,671,433 shares have been allocated as
part of the offering, amounting to a total offer volume of EUR 605 million
(including over-allotment) based on the issue price. The offering was
over-subscribed well in excess of ten times at the high end of the price
range. To the extent the Greenshoe option provided to the underwriters of
the IPO is exercised, up to 3,671,433 additional shares will be issued.
Following the offer of all offered shares and assuming the exercise of the
Greenshoe option in full, approximately 11.3 per cent of Zalando's share
capital (post-IPO) will have been issued in connection with the IPO.
Rubin Ritter, Member of the Management Board, said: "The feedback we
received from investors and employees was great. The significant investor
demand, which substantially exceeded the amount of shares offered, reflects
confidence and high interest in Zalando and our long-term growth
opportunity."
As part of the offering, Zalando offered to all employees that are employed
and tax resident in Germany Zalando shares in the amount of EUR 180 free of
charge and in the amount of EUR 720 at a discount of 25%. The employee
program was widely accepted by more than 4,000 employees, who participated
and have become shareholders of the company.
The Zalando shares will be traded on the regulated market (Prime Standard)
of the Frankfurt Stock Exchange under the trading symbol ZAL, the German
Securities Code (WKN) ZAL111 and International Securities Identification
Number (ISIN) DE000ZAL1111 from 1 October 2014 onwards.
About Zalando
Zalando (https://corporate.zalando.com) believes to be Europe's leading
pure-play online retailer for shoes and fashion. Working with over 1,500
international brands, Zalando presents an extensive selection of products
- Offer well in excess of ten times over-subscribed at the high end of
the price range
- Offer volume of EUR 605 million including over-allotment
- Offer of 11.3 per cent of Zalando's share capital (post-IPO) assuming
full exercise of the Greenshoe option
Berlin, 29 September 2014 - Zalando SE has set the issue price for its
shares at EUR 21.50 per share. The issue price is at the upper end of the
price range of EUR 18.00 to EUR 22.50. A total of 24,476,223 newly issued
shares and an over-allotment of 3,671,433 shares have been allocated as
part of the offering, amounting to a total offer volume of EUR 605 million
(including over-allotment) based on the issue price. The offering was
over-subscribed well in excess of ten times at the high end of the price
range. To the extent the Greenshoe option provided to the underwriters of
the IPO is exercised, up to 3,671,433 additional shares will be issued.
Following the offer of all offered shares and assuming the exercise of the
Greenshoe option in full, approximately 11.3 per cent of Zalando's share
capital (post-IPO) will have been issued in connection with the IPO.
Rubin Ritter, Member of the Management Board, said: "The feedback we
received from investors and employees was great. The significant investor
demand, which substantially exceeded the amount of shares offered, reflects
confidence and high interest in Zalando and our long-term growth
opportunity."
As part of the offering, Zalando offered to all employees that are employed
and tax resident in Germany Zalando shares in the amount of EUR 180 free of
charge and in the amount of EUR 720 at a discount of 25%. The employee
program was widely accepted by more than 4,000 employees, who participated
and have become shareholders of the company.
The Zalando shares will be traded on the regulated market (Prime Standard)
of the Frankfurt Stock Exchange under the trading symbol ZAL, the German
Securities Code (WKN) ZAL111 and International Securities Identification
Number (ISIN) DE000ZAL1111 from 1 October 2014 onwards.
About Zalando
Zalando (https://corporate.zalando.com) believes to be Europe's leading
pure-play online retailer for shoes and fashion. Working with over 1,500
international brands, Zalando presents an extensive selection of products
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