📈 Vinted's Share Sale
Vinted, Europe's largest online marketplace for second-hand clothing, has announced a secondary share sale. The deal could see between $200M and $500M worth of shares change hands. This sale, managed by Morgan Stanley, involves existing shareholders selling part or all of their stakes. If successful, the deal could value Vinted at $5B. No new capital will be raised, but the company hopes to solidify this valuation.
🏢 Company Background
Founded in 2008, Vinted has grown into one of the world's leading used-fashion marketplaces. The company is based in Vilnius, Lithuania. It reported its first annual profit just three months ago. Last year, Vinted secured new borrowing facilities to support its expansion efforts. The company’s last major primary fundraising took place in 2021.
💼 Investment Potential
Bankers are closely watching Vinted as a potential candidate for an initial public offering (IPO) in the next couple of years. The current share sale is seen as a step towards that. If the valuation of $5B is achieved, it would position Vinted as a strong contender in the online marketplace sector. The company's growth and recent profitability make it an attractive investment opportunity.
🤔 Spokesperson's Statement
Despite the buzz surrounding the share sale, a spokeswoman for Vinted declined to comment on the matter. This leaves investors and analysts speculating about the company's next moves. The secondary stock offering and its potential success are seen as critical steps in Vinted's journey towards a possible IPO. Investors remain hopeful about the company's future prospects.
What do you think about Vinted's $5B valuation?
