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The online fashion shop About You is preparing for the IPO.
This is reported by manager magazin, citing insiders.
The About You leadership around CEO Tarek Müller (31) is already speaking with investment banks, including Goldman Sachs and Morgan Stanley.
No institute has yet been mandated.
Internally, an IPO of the mail order company Otto from March 2021 is considered realistic.
The Zalando rival, valued at just under one billion euros in the last financing round in 2018, is said to aim for a market value of at least three billion euros when it goes public. According to the report, About You is aiming for a turnover of at least 1.1 billion euros this year. About You is already profitable in German-speaking countries.
