Fashionette prices IPO amid DAX devastation

By Aidan Gregory, Sam Kerr
28 Oct 2020

German e-commerce company Fashionette, which sells designer handbags and accessories online, set a price for its IPO on the Frankfurt stock exchange on Tuesday, even as the main equity index in the country took a pasting.

The company sold new shares alongside a placement from German investment fund Genui, its major shareholder. It originally set a range of €30-€38 per share for the IPO last week and was covered on its first day owing to strong demand.

However, Genui decided to price the deal ...

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