Rocket Internet, Access Industries and Tengelmann-backed fashion e-commerce marketplace GFG could float in Germany next month.
Global Fashion Group (GFG), the e-commerce partnership that counts corporates Rocket Internet, Tengelmann and Access Industries as members, plans to go public in a €300m ($338m) initial public offering next month.
The group intends to float on the Frankfurt Stock Exchange’s Prime Standard market. In March this year, it was valued at approximately $1.13bn by Kinnevik, the investment firm that it its largest shareholder, with a 35% stake, according to Reuters.
Formed in 2011, GFG is the owner of fashion…
