Stockholm/Hamburg, February 25, 2022: The online marketplace for second-hand designer fashion, REBELLE AB, is launched at the Nasdaq First North Growth Market in Stockholm. The Company’s shares trade under the ticker symbol BELLE.
The listing on the Nasdaq First North Growth Market was preceded by a new offering of shares with a subscription period of February 15 to February 22, 2022. The new issue was fully subscribed and raised a total of approximately SEK 200 million.
Rebelle also receives Nasdaq Green Equity designation. It is the first company in the global Nasdaq system to bear this award from the first day of trading on the Nasdaq First North Growth Market in Stockholm. The independent auditing company Cicero Shades of Green confirms Rebelle’s sustainable business model and rates all of Rebelle’s revenues, operating costs and capital expenditures as green*.
“It was not easy to list Rebelle in these times, but it is a confirmation that our sustainable and circular business model is of great interest to investors. We founded Rebelle with the idea of extending the life cycle of fashion and thereby reducing the environmental impact of creating new products. It is a special honor that we are the first “green IPO” in the global Nasdaq system,” says Cécile Wickmann, founder and CCO of Rebelle.
Nasdaq Green Equity designation
Since 2021, Nasdaq has been awarding the “Nasdaq Green Equity Designation” to selected companies. It is aimed exclusively at companies that generate more than 50 percent of their turnover from environmentally friendly or sustainable activities and invest a significant proportion in this. The “Green Equity Designation” is awarded on the basis of a comprehensive evaluation by an independent auditor recognized by Nasdaq. Nasdaq-approved auditing firm, Cicero Shades of Green, certifies that Rebelle meets all requirements for Nasdaq Green Equity Designation.
“As part of Nasdaq’s ESG commitment and due to the growing demand for transparency, we have introduced the Nasdaq Green Designation to recognize companies with green market models and strategies. We are pleased that Rebelle is the first IPO within our system to receive a Nasdaq Green Equity designation to help give the company visibility,” said Adam Kostyál, Head of European Listings, Nasdaq.
According to Cicero Green, Rebelle’s managed marketplace model extends the lifespan of textiles, eliminating waste, emissions and pollution. According to Cicero Shades of Green’s Green Equity Assessment Report, “Rebelle is making a positive contribution to combating climate change and is an encouraging example of the application of circular economy principles.”
*The test relates to the year 2020.