BERLIN, Germany — Zalando SE, Europe's largest online fashion retailer, is selling 17.9 million existing shares after reporting its first full-year profit.

Zalando plans to sell a 7.3 percent stake, valued at about 434 million euros ($465 million) at current market prices. Key shareholders Global Founders Capital GmbH, Holtzbrinck Ventures GmbH, AI European Holdings Sarl and Rocket Internet AG are all reducing their stakes, according to a statement, as well as some of the company’s management.

The retailer, which sells branded shoes and clothing to 15 European countries, raised about 526 million euros in an initial public offering in October, and shares are now trading about 13 percent higher than the listing price.

A share sale will increase liquidity in the stock and boost chances of joining Germany’s MDAX Index. Rocket Internet, another German e-commerce company that went public around the same time as Zalando, raised about 590 million euros selling new shares last month.

Zalando, based in Berlin, last month reported adjusted earnings before interest and taxes of 82 million euros in 2014, compared with a 109 million-euro loss a year earlier.

Morgan Stanley, Goldman Sachs Group Inc. and Credit Suisse Group AG are managing the sale.

By Ruth David and Aaron Kirchfeld; editors: Jeffrey McCracken and Elizabeth Fournier.