Kinnevik: Final price in Zalando's IPO
(Thomson Reuters ONE) -
Investment AB Kinnevik (publ) ("Kinnevik") today announced that Zalando has set
the final offering price for its shares at EUR 21.50 per share, corresponding to
an equity value of Zalando of EUR 4.9 bn pre money. Assuming the over-allotment
option is exercised in full, 28,147,656 new shares will be issued at a value of
EUR 0.6 bn. The new shares issued, including the over-allotment option,
correspond to 11.3% of Zalando's share capital.
Kinnevik's ownership stake in Zalando after the IPO will be 32.0%, equivalent to
78,427,800 shares. Assuming that the over-allotment option is exercised in full,
Kinnevik's ownership will be 31.6%. Based on the final offering price, the value
of Kinnevik's shares in Zalando is SEK 15.5 bn.
The Zalando shares will be traded on the regulated market (Prime Standard) of
the Frankfurt Stock Exchange under the trading symbol ZAL, the German Securities
Code (WKN) ZAL111 and International Securities Identification Number (ISIN)
DE000ZAL1111 from 1 October 2014 onwards.
Kinnevik discloses the information provided herein pursuant to the Securities
Market Act (Sw. lagen om värdepappersmarknaden (2007:528)). The reference to the
IPO does not constitute an offer to acquire securities or investment advice. The
information was submitted for publication on 29 September 2014 at 8.15pm (CET).
For further information, visit www.kinnevik.se or contact:
Torun Litzén, Director Investor Relations Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Investment AB Kinnevik is a leading, long-term oriented, investment company
based in Sweden. Kinnevik primarily invests in consumer centric businesses that
provide innovative and value-added technology-enabled services. Our main areas
of focus are the Communications, e-Commerce, Entertainment and Financial
Services sectors. We own significant stakes in over 50 companies that operate in
more than 80 countries across five continents, with a particular emphasis on
growth markets. The Kinnevik Group employs more than 90 000 people around the
world.
Kinnevik actively supports the companies in which it invests and plays an
influential role on their respective Boards. Kinnevik was founded in 1936 by
three Swedish families who continue to play a leadership role in the ownership
of the Company and in the pursuit of its entrepreneurial ventures.
Kinnevik's shares are listed on Nasdaq OMX Stockholm's list for large cap
companies under the ticker codes KINV A and KINV B.
Press release:
http://hugin.info/1114/R/1859482/651592.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kinnevik via GlobeNewswire
[HUG#1859482]
Unternehmensinformation / Kurzprofil:
Datum: 29.09.2014 - 20:16 Uhr
Sprache: Deutsch
News-ID 342564
Anzahl Zeichen: 3370
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 183 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Kinnevik: Final price in Zalando's IPO"
steht unter der journalistisch-redaktionellen Verantwortung von
Kinnevik (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
