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IPO of Global Fashion Group on the Frankfurt Stock Exchange

Release date: 02 Jul 2019 | Deutsche Börse Cash Market

IPO of Global Fashion Group on the Frankfurt Stock Exchange

Online fashion retailer listed in Prime Standard / First price: €4.47

Global Fashion Group S.A. (ISIN: LU2010095458) was listed in the Prime Standard of the Frankfurt Stock Exchange today. The shares of the online fashion and lifestyle retailer in Asia Pacific, Latin America and CIS started trading at €4.47, the issue price was €4.50.
The IPO was accompanied by Goldman Sachs, Morgan Stanley and Berenberg. Berenberg also acts as designated sponsor on the Xetra market. Baader Bank is the specialist at the Börse Frankfurt venue.

With the proceeds of the IPO the company wants to grow further, especially by investing in the technology platform, customer acquisition and logistical infrastructure.

According to its own statements, the Global Fashion Group, headquartered in Luxembourg, is the leading online retailer for fashion and lifestyle in Asia Pacific, Latin America and CIS. The company is represented worldwide in 17 locations and 10 fulfillment centers on four continents and delivered more than 28 million orders last year. Revenue of Global Fashion Group amounted to €1.16 billion in 2018.

Video: IPO Global Fashion Group S.A.

 

Image: Deutsche Börse/M. Joppen