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Home > PE News > By PE Sector > Buy-out

360° and Balderton in Yoox exit following €104.6m IPO 360° and Balderton in Yoox exit following €104.6m IPO

07 Dec 2009. Source: AltAssets
European venture firm 360° Capital Partners and UK private equity firm Balderton Capital have divested part of their stakes in Yoox, following its successful flotation on the Milan Stock Exchange.

Shares in Yoox, an Italian online fashion retailer, have climbed since its €104.6m initial public offering last week; selling just over 24.3 million shares at €4.30 each, the share price now stands at €5.28.

The IPO is the first on Borsa Italiana, Italy’s main stock exchange, since March 2008 and is said to be the country’s biggest in two years.  

Yoox, which CEO Federico Marchetti describes as an e-commerce company that sells fashion instead of a fashion company, has fared better than high-end fashion house Prada, which was forced to abandon its IPO plans after the recession hit sales.

Copyright © 2009 AltAssets

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