Vinted in talks for share sale at €8bn valuation

Vinted is holding early-stage talks connected a imaginable stock merchantability that could worth the Lithuania-based second-hand manner level astatine €8bn ($9.27bn), arsenic reported by The Financial Times.

The transaction would impact existing shares and could full respective 100 cardinal euros, with immoderate ceremonial process expected to statesman aboriginal successful 2026.

Talks stay astatine an aboriginal signifier and nary last valuation oregon woody size has been set.

Vinted past raised superior successful precocious 2024 astatine a €5bn valuation successful a circular led by TPG, alongside Baillie Gifford.

The company's investors see Accel, Insight Partners, EQT, Lightspeed and Sprints.

Chief enforcement Thomas Plantenga told FT that revenues are projected to summation by 40% iin 2025 to much than €1bn, up from €813m successful 2024, connected gross merchandise worth of €10bn.

Net nett soared fourfold successful 2024 to €76.7m.

Founded successful 2008 arsenic a section clothing-swap site, Vinted became Lithuania's archetypal $1bn exertion start-up successful 2019.

The institution is expanding beyond covering into categories specified arsenic electronics, books, toys and video games, and is focussing connected improving its shipping and payments infrastructure.

Plantenga has antecedently indicated that Vinted could question a US expansion.

The institution has begun its archetypal trial of the marketplace by enabling trading betwixt users successful London and New York.

An archetypal nationalist offering remains a possibility, though the institution has not acceptable a timeline.

"Vinted successful talks for stock merchantability astatine €8bn valuation" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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