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Emerging market fashion ecommerce group prices Frankfurt IPO - bookrunner

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LONDON: Global Fashion Group (GFG), the emerging markets online fashion retailer, is looking to raise 257 million euros (US$288 million)to 395 ...

LONDON: Global Fashion Group , the emerging markets online fashion retailer, is looking to raise 257 million euros to 395 million euros in an initial public offering in Frankfurt, the bookrunner on the deal said on Monday.

The company, set up by German ecommerce investor Rocket Internet and Sweden's Kinnevik, has priced its upcoming IPO at 6 to 8 euro a share, representing a market value of at 1.2 billion to 1.66 billion euros.Source: Reuters

 

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