About You on the stock exchange?
Activities of the Otto Group's online subsidiary apparently point to a possible IPO. However, a merger with Zalando is no longer an issue.
The Hamburg-based online fashion retailer About You is probably preparing an IPO. This is reported by Business Insider. The parent company Otto, which has so far been rather critical of a jump to the capital market, initially did not want to deny the rumors to the medium.
The three About You managing directors Sebastian Betz, Tarek Müller and Hannes Wiese converted their company into a stock corporation before Easter and installed a supervisory board. Both are steps that would be necessary for an IPO. According to Business Insider, a merger between About You and its competitor Zalando, which has been rumored from time to time, is now off the table. The reason is probably that About You is now too big for such a step. In the 2020/21 financial year, the e-commerce company generated operating sales of around 1.2 billion euros.
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