The online fashion retailer, backed by Anders Holch Povlsen, Holtzbrinck and Tengelmann, floated near the top of its range and could raise up to $765m before the IPO closes.
Germany-based e-commerce company Zalando priced its initial public offering at €21.50 ($27.10) a share on Monday, and has raised approximately $664m from the IPO, which valued the company at roughly $6.6bn.
The shares were priced near the top of Zalando’s €18-€22.50 range. The company will issue almost 24.5 million shares, with another 3.7 million available to buy by the underwriters to cover over-allotments, which would lift the size of the IPO to about $765m.
Founded in 2008 and incubated by…
