German fashion giant Zalando is preparing for a stock market float this year that could value it at as much as €5 billion euros (£4 billion).
The Berlin-based etailer is one of the biggest success stories of the German ecommerce powerhouse Rocket Internet which was set up by the Samwer brothers in 2007.
Zalando launched the following year and now operates in 14 European countries including the UK since 2011. Turnover in 2012 was €1.15 billion (£940 million) and €809 million in the first half of last year, the most recent figures available.
According to the Sunday Times today, the company is about to appoint Goldman Sachs, JP Morgan and Morgan Stanley to advise it on the IPO. It would be the biggest ever stock market float of a European ecommerce firm.
Backers include Swedish investment firm Kinnevik, which has close ties with Rocket, with a 37 per cent stake, Russian billionaire Yuri Milner's DST Global, the European Founders Fund and Danish fashion billionaire Anders Holch Povlsen, who also has a stake in Asos.
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