About You aims for valuation of up to €4.4 billion at IPO

Lisa Marie Münster Lisa Marie Münster | 08.06.2021

The first trading day of the fashion company About You will be June 16. The start-up wants to issue the shares for 21 to 26 euros.

Two weeks ago, online fashion retailer About You announced that it would go public this quarter, and now the company is sharing the details: The placement of shares for a select group of investors will begin as early as today, and the first day of trading will be June 16. The purchase price of the shares will be between 21 and 26 euros. In total, About You wants to raise 600 million euros with its IPO, which the start-up intends to invest in its technical infrastructure and further expansion. The Hamburg-based company would come to a valuation of up to 4.4 billion euros with its IPO.

"The planned IPO offers us the opportunity to build on our strong growth to further digitize the offline shopping experience. We are very excited to expand our investor base," says founder Tarek Müller. He founded About You together with Hannes Wiese and Sebastian Betz in 2014 as a subsidiary of the Otto Group.

In parallel, About You has announced the composition of its supervisory board: It is made up of Chairman Sebastian Klauke, who is a member of the Executive Board of the Otto Group, and his deputy Niels Jacobsen, who as CEO of William Demant Invest oversees the investment activities of the foundation of the same name. Other members of the Supervisory Board are Christina Johansson, CFO of Bilfinger SE, Christian Leybold, Managing Partner at Headline, Petra Scharner-Wolff, CFO of the Otto Group and André Schwämmlein, who founded FlixMobility.


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Startup 2011 Hamburg ABOUT YOU Online store for individualized shopping of clothes & accessories with style advice.

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