Kinnevik, Rocket step in to rescue GFG's IPO

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Equity IPOs

Kinnevik, Rocket step in to rescue GFG's IPO

Aidan Gregory
June 26, 2019 04:00 PM
Frankfurt_fotolia_230x150
Aerial view of Frankfurt with Hauptwachen, Germany in a summer day | Figurniy Sergey/Sergii Figurnyi - stock.adobe.com

Global Fashion Group, the emerging markets-focused online fashion retailer, has restructured its IPO on the Frankfurt Stock Exchange in the face of tepid investor demand, having dropped the price to €4.50, below the initial €6 to €8 range, and extended the bookbuilding process by two working days. The two largest shareholders in the company will also now buy half the shares on offer.

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Equity IPOsGermanyEquityEuropeEMEA
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Aidan Gregory
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