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

  • 6/8/2021
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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) Our Standards: The Thomson Reuters Trust Principles.

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