Europe's largest online fashion retailer, Zalando, has picked banks to organise a possible stock market listing in the third quarter, potentially Europe's biggest technology offering since Germany's T-Online debut in 2000, people familiar with the plans said.The flotation, which could value the company at more than $5 billion, is being organised by Credit Suisse, Morgan Stanley and Goldman Sachs, the sources said.Zalando on Wednesday reiterated it was constantly considering all options including an initial public offering (IPO) and failed to comment further. The banks declined to comment.Zalando has said in the past that an IPO was a possibility but not an immediate priority.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 0.31% or $-0.09/share to $29.37. In the past year, the shares have traded as low as $23.06 and as high as $33.52. On average, 12742600 shares of MS exchange hands on a given day and today's volume is recorded at 6864319.
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