Investment AB Kinnevik ("Kinnevik") today announced that Zalando will seek its
initial public offering ("IPO") and listing on the regulated market (Prime
Standard) of the Frankfurt Stock Exchange in 2014.
Zalando anticipates an offering of between 10 per cent and 11 per cent of total
post-IPO capitalization. The offer, if pursued, is expected to consist solely of
new shares from a capital increase of Zalando. Kinnevik currently owns 36% of
In connection with the announcement, Zalando disclosed further descriptive and
financial information, as well as a number of key performance indicators. For
further information please refer to page 2-12 of this release and
"Kinnevik is delighted about Zalando's plans to list on the Frankfurt stock
exchange. We first invested in Zalando in 2010 and since then have invested cash
of SEK 5.5 billion to become the company's largest shareholder. We look forward
to continuing to work with Zalando's founders and management team, and to
support their future growth ambitions after the listing" comments Lorenzo
Grabau, CEO of Kinnevik.
Kinnevik discloses the information provided herein pursuant to the Securities
Market Act (Sw. lagen om värdepappersmarknaden (2007:528)). The information was
submitted for publication on 3 September, 2014 at 8.00 am (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
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.
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