Milbank advised About You, Europe’s fastest-growing online fashion platform of scale, and Otto Group as shareholder on the successful IPO of About You in the Prime Standard segment of the Frankfurt Stock Exchange. In the course of the IPO, shares of About You were placed at €23 per share. The placement price indicates a market capitalization at the start of trading of €3.92 billion and the expected free float of new shareholders (net of treasury shares) will amount to 21.0%, assuming full exercise of the Greenshoe option. Stock exchange trading on the Frankfurt Stock Exchange commenced on June 16, 2021.
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