Zalando, the German fashion giant, has been holding talks with prospective banks to pitch to help it with an initial public offering of shares, according to reports.
The company has held talks with Goldman Sachs, JPMorgan, Morgan Stanley and Deutsche Bank, according to news wire Reuters on Friday.
The speculation followed a report from Zalando's shareholder Kinnevik which reported that sales at the ecommerce giant have increased by 52 per cent last year to €1.76 billion (£1.44 million).
Kinnevik, which has a 36 per cent stake, revealed that it has valued Zalando at 33.7 billion SKr (£3.13 billion), 42 per cent more than a year earlier.
That compares to reports earlier this month in UK newspapers that the value could be as high as €5 billion (£4 billion) and estimates by analysts at Citigroup on Friday putting it at €8.5 billion (£6.9 billion).
Zalando co-founder and director said on Friday that an IPO was 'an interesting option' but 'a decision has not been made and we are not in any rush to make one.'
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