On 16 June 2021, the shares of the online fashion retailer ABOUT YOU were traded for the first time on the regulated market of the Frankfurt Stock Exchange (Prime Standard). The issue price was set at EUR 23, the first price was noted at EUR 25.60. The total issue volume was EUR 842 million.
Hengeler Mueller advised minority shareholder Heartland A/S, holding approx. 25% in ABOUT YOU, on the corporate law measures in preparation for the IPO, in particular on necessary legal form changes and capital increases. Heartland A/S is the holding company of Danish entrepreneur Anders Holch Povlsen, who also runs the online fashion retailer Bestsellers.
The Hengeler Mueller team included partners Andreas Austmann and Georg Seyfarth as well as associates David Annussek and Christian Wienke (all Corporate, Düsseldorf).