Vinted targets $5bn valuation with latest share sale
It is understood from those near the situation that, if successfully completed, between $200m and $500m (£156m and £390m) worth of shares could change hands in the deal
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Online marketplace for second hand goods, Vinted, has reportedly launched a share sale that could value the business at as much as $5bn (£3.9bn), Sky News has revealed.
It comes as a secondary stock offering was announced this month to investors. This would involve existing shareholders offloading part or all of their stakes in the company.
Sources told Sky that, if successfully completed, between $200m and $500m (£156m and £390m) worth of shares could change hands in the deal.
While this would not involve the raising of any new capital, Vinted’s executives and investors are said to be hopeful that this would solidify the platform’s valuation of approximately $5bn (£3.9bn).
The secondary share sale, which is being handled by bankers at Morgan Stanley, comes three months after Vinted unveiled its first annual profit after it secured new borrowing facilities in 2023 to help its expansion plans.
According to Sky News, Vinted is being followed by bankers as it is well-placed as a potential candidate for an initial public offering (IPO) in the next couple of years.
Vinted has been approached for comment.
