Hamburg\/ Frank\u00adfurt a. M. \u2014 About You cele\u00adbra\u00adtes its debut on the Frank\u00adfurt Stock Exch\u00adange today, Wednes\u00adday, June 16. The offer price for the private place\u00adment is set at 23.00 euros per share. CEO Tarek M\u00fcller holds a share of 4.3 percent, Sebas\u00adtian Betz 3.7 percent and Hannes Wiese 2.7 percent.<\/p>\n
The offer price for the private place\u00adment is 23.00 euros per share. The Otto Group subsi\u00addiary is thus valued at 3.9 billion euros.<\/p>\n
Accor\u00adding to Textil\u00adwirt\u00adschaft<\/em>, the foun\u00adders hold the follo\u00adwing shares: Tarek M\u00fcller has a share of 4.3 percent, Sebas\u00adtian Betz 3.7 percent. Hannes Wiese has 2.7 percent. Howe\u00adver, the trio intends to sell just under 3.3 million shares, which will bring them a total of 76 million euros. After the private place\u00adment, M\u00fcller, Betz and Wiese will have stakes of 3.0 percent, 2.6 percent and 1.7 percent respectively.<\/p>\n Net, 627 million euros remain. \u2014 In addi\u00adtion, from the holdings of the exis\u00adting owners GFH (Gesell\u00adschaft f\u00fcr Handels\u00adbe\u00adtei\u00adli\u00adgun\u00adgen mbH), Seven\u00adVen\u00adtures GmbH, GMPVC German Media Pool GmbH and Fashion Media Pool GmbH, up to 4.8 million ordi\u00adnary bearer shares will be gran\u00adted as an option to cover over-allot\u00adments (green\u00adshoe option).<\/p>\n The IPO will gene\u00adrate gross proceeds of 657 million euros for About You. Net, 627 million euros remain. The company plans to spend 150 million euros on inter\u00adna\u00adtio\u00adnal expan\u00adsion, 115 million euros on tech\u00adno\u00adlo\u00adgi\u00adcal infra\u00adstruc\u00adture and 50 million euros on the further deve\u00adlo\u00adp\u00adment of its B2B tech\u00adno\u00adlogy divi\u00adsion. 80 million euros is to be used to repay share\u00adhol\u00adder loans. About You is also conside\u00adring acqui\u00adsi\u00adti\u00adons. 80 million euros is reco\u00adgni\u00adzed as a reserve for M&A transactions.<\/p>\n Tarek M\u00fcller, Co-Foun\u00adder and Board Member Marke\u00adting & Brand: \u201cToday is a great day for About You. Toge\u00adther with some of the worl\u00add\u2019s most renow\u00adned brands and compa\u00adnies, we are now part of the exch\u00adange family. Today we cele\u00adbrate the successful listing of About You, but our focus is alre\u00adady fully on the future.\u201d<\/p>\n In addi\u00adtion to Deut\u00adsche Bank, Gold\u00adman Sachs and JPMor\u00adgan <\/strong>, Numis Secu\u00adri\u00adties, Soci\u00e9t\u00e9 G\u00e9n\u00e9\u00adrale <\/strong>and UBS<\/strong> also supported the IPO.<\/p>\n","protected":false},"excerpt":{"rendered":" Hamburg\/ Frank\u00adfurt a. M. \u2014 About You cele\u00adbra\u00adtes its debut on the Frank\u00adfurt Stock Exch\u00adange today, Wednes\u00adday, June 16. The offer price for the private place\u00adment is set at 23.00 euros per share. CEO Tarek M\u00fcller holds a share of 4.3 percent, Sebas\u00adtian Betz 3.7 percent and Hannes Wiese 2.7 percent. The offer price for [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":37576,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1369,1384],"tags":[],"class_list":["post-43545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-investors","category-capital-market-advisors-en","news-category-deals-news-en","news-category-private-equity-news-en"],"yoast_head":"\n