Major shareholders cash out at Zalando

zalando_outlet_frankfurt_1Shareholders have sold altogether nearly 18 million of Zalando stocks representing some 7.3 percent of the capital of the Berlin-based online retailer of fashion, lifestyle and sporting goods. The selling companies are Global Founders, Holtzbrinck Ventures, AI European Holdings and Rocket Internet. Rocket Internet and Global Founders are companies of the Samwer brothers, the inventors of Zalando.

The stockholders sold for €23.75 for each share. When Zalando went public last October, the initial price was €21.50, but peaked at some €27 later on. The Frankfurt stock exchange recorded a 6 percent softer price for the share at €24.25. The shares were acquired by institutional investors and some of Zalando’s staff.

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