Zalando said to mull IPO

According to German publication Finance Magazin, Zalando CEO Rubin Ritter reportedly judged the possibility of an IPO as very attractive.

In Q1 2013, Zalando's revenues stood at €372m, a 74% increase compared to Q1 2012. The group generated revenues of €1.5bn last year.

The online shopping platform was founded in 2008 in Berlin and has since expanded its geographical footprint to the Netherlands, Belgium, France, the UK, Austria, Switzerland, Italy, Spain, Sweden, Finland, Norway, Denmark and Poland.

Private equity firm Investment AB Kinnevik is Zalando's biggest single shareholder, with a stake of 37.5%. The European Founders Fund holds 18%, Anders Holch Povlsen – the owner of the Bestseller Group – holds 10%, while investment firm DST Global owns 9%. German VCs Holtzbrinck Ventures and Tengleman Ventures hold stakes of 8% and 6% respectively. The Ontario Teachers' Pension Plan recently acquired a 2% stake in the business.

A spokesperson for Zalando declined to comment on the prospect of an IPO for the firm in the near future. Kinnevik was not available for comment.

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