The Rocket Internet-founded e-commerce group, whose investors include Tengelmann and Access Industries, could be valued at up to $2.8bn in the offering.
Global Fashion Group (GFG), the Germany-based e-commerce holding vehicle formed by e-commerce group Rocket Internet, is planning to float at a valuation of €1.8bn to €2.5bn ($2bn to $2.8bn), Manager Magazin reported yesterday.
GFG operates a network of fashion-focused e-commerce platforms spanning 24 countries across Latin America (Dafiti), the Middle East (Namshi), Eastern Europe (Lamoda), Southeast Asia (Zalora) and The Iconic (Australia).
Morgan Stanley and Goldman Sachs are among the banks that have been appointed as underwriters for the initial…
