Zalando

Zalando’s Shares rise 11%

Zalando’s Shares rise 11%

Multinational e-commerce company Zalando SE had earlier forecasted that it will end the year with some profits. Now, the company has traded above its initial public offering price for the first time since it made the stock market debut in the last month. The company has regained its initial public offering (IPO) price.

Shares of the Germany-based Zalando have risen about 11% to about 22.36 euros. The company's 14% of shares gain disappeared on the first day of trading. After that, they had been consistently trading below the 21.50-euro IPO price.

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