About You launches on the stock exchange

The share price immediately shot up a few euros. The fashion mail order company is valued at almost four billion euros.

The fashion start-up About You has successfully launched on the Frankfurt Stock Exchange. The issue price of the share was 23 euros, but in the meantime a share was even traded at 26.80 euros. A total of 21 percent of the company's shares were sold to private investors. The company is now valued at 3.92 billion euros, almost half a billion less than the company had hoped for before the IPO(Startbase reported).

"Today we are celebrating the successful listing of About You, but our focus is already fully on the future: we are looking forward to continuing our fantastic growth story and building on the success of the last seven years," says Tarek Müller, Co-Founder and Member of the Executive Board Marketing & Brand. About You plans to generate 657 million euros in revenue, which will be used to drive international scaling. "We are concentrating on Southern and Northern Europe for the time being. In addition, the map in continental Europe still has some blank spots that we would also like to cover," Müller told NTV.