Westwing trades below issue price on debut in Frankfurt

Shares in Westwing Group, the German home and living e-commerce platform, fell as much as 11.4% in trading on Tuesday morning after the company priced its €114m IPO at the mid-point of its range.

  • By Aidan Gregory
  • 09 Oct 2018

Citi and Berenberg are global coordinators.

Shares in the IPO were priced at €26.00 — the middle of the initial €23.00 to €29.00 range — valuing Westwing at €524m. At that level, the deal was multiple times covered. Due to the strength of the demand, the bookbuild was cut ...

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