Vinted considers €200m share sale
They added that a secondary share sale could value the business at a premium to its prior valuation and help generate cash for early investors
Register to get 1 more free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Second-hand online marketplace Vinted is considering a secondary share sale of more than €200m (£174m) as it aims to be at the forefront of a sustainable fashion boom, according to the Financial Times.
According to the report, Vinted is working with Morgan Stanley to consider options for its capital structure ahead of a potential initial public offering.
People familiar with the matter stated that the group is considering selling both new and existing shares but could also stick with its current capital structure given the current market conditions.
They added that a secondary share sale could value the business at a premium to its prior valuation and help generate cash for early investors. The Lithuanian start-up was valued at €3.5bn (£3bn) in May 2021.
The group’s revenues in 2022 rose 51% to €370.2m (£323.18), while pre-tax losses narrowed to €47.1m (£41.12m) from a loss of €118.2m (£103.19m) in 2021.
Sources told the publication that the discussions were still at an early stage and the company’s plans could yet change.
