Wednesday, 19 February 2014

Zalora Would Like To Meet: Highly Organised Individual To Float Our Company On The New York Stock Exchange

Rocket Internet’s Southeast Asian internet start-up Zalora has inadvertently advertised its intention to float on the stock market via a job advert.

Zalora advertised the position 'Project Manager - IPO' on a Singapore-based jobs website that included a requirement for experience 'preparing for a US IPO that included filing a registration statement with the SEC [Securities and Exchange Commission] at a minimum.'

Rocket Internet launched Zalora in 2012. It raised 'significant double digit million' in investment in the same year from investors including JPMorgan and then another $100 million from Summit Partners, Kinnevik, Verlinvest and Tengelmann Group last year.

Zalora said in the advert it wanted to 'triple' sales this year. 
Zalora: Needed One Stock Market Listing
It described itself as ‘Southeast Asia’s number one fashion and beauty website and the most visited fashion website in the region,’ according the the advert, which was reproduced on TechInAsia.com.

It operates in 10 Asian countries including Singapore, Indonesia, Malaysia, Brunei, the Philippines, Thailand, Vietnam, Taiwan, Hong Kong and New Zealand and Australia where it trades as TheIconic.com.

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