Germany’s fashionette looks to ride e-commerce IPO wave
German e-commerce company fashionette, which sells designer handbags and accessories online, has launched an IPO on the Frankfurt stock exchange. Sources close to the deal are hoping that other large e-commerce listings will boost the flotation.
Hauck & Aufhauser is sole global co-ordinator and bookrunner on the IPO.
The company is selling new shares as part of the IPO and there will be a placement of existing shares from German investment fund Genui, the company’s major shareholder.The IPO proceeds will be used to pursue ...