The stakes for the family Stenbeck’s power company in the fall. In the space of just a few weeks, Kinnevik announced the listing of no less than two major holdings – ecommerce site Zalando and business incubator Rocket Internet.
As the company on Thursday invites to Capital at the Grand Hotel, it is hardly surprising coming IPOs at the center. On site there Zalando-founder Robert Gentz, who had flown in from Berlin to give a speech.
– Zalando has a winning concept. The European fashion market is huge, and we are well positioned in the growing online industry, says Robert Gentz whose Zalando has 0.5 percent of the European clothing and footwear market.
Robert Gentz compares the company with e-commerce competitors Asos and Amazon.
– Asos lacks local support that we have in our geographic markets, and Amazon has the logistics in place but lacks fashion cred, he says.
Late Wednesday evening published Zalando price range for the listing, which is between 18 and 22:50 per share. Listing price values Zalando approximately 4.1 to 5.1 billion. Preview The tips were at a company value of an average of 4.4 billion. Shares fall about 1 percent in Thursday’s trading.
The first trading day for Zalando share is expected to be October 1st. While Rocket Internet is expected to be noted shortly.
Kinnevik CEO Lorenzo Grabau met with press and analysts at the event.
Why do you choose to note Zalando and Rocket Internet so close proximity?
– It is all about choosing the optimal time. Zalando took the decision in January, and Rocket Internet in April. Right now there is great interest for companies in the e-commerce, just look at Alibaba’s fully signed order book. We wanted to strike while the iron is hot, says Lorenzo Grabau.
As early as tomorrow, the Chinese internet and e-commerce giant Alibaba to be listed on the New York Stock Exchange – a listing that is expected to be one of the greatest ever. Today, Thursday, the company will disclose the price of the stock, which is expected to be between 66 and 68 dollars.
What does Alibaba listing for listing of the Rocket and Zalando
– There are many differences between the two companies, both when it comes to geography and business model. Sure, it helps us to Alibaba Admission sat ecommerce sector on the map, but even if it is not being well received, we had still been able to carry out our plans, says Lorenzo Grabau.
How do you see threat from a well-capitalized Alibaba against Rocket Internet
– It is likely that competition between companies is increasing with Alibaba listing. Rocket Internet has the advantage of a strong regional presence in their respective markets, something that lacks Alibaba. But yes, there is a risk that Alibaba can rush into the markets where Rocket has not yet established itself, says Lorenzo Grabau.
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