Lithuanian resale platform Vinted is reportedly seeking an eight billion euro valuation ahead of a planned share sale. The sale could be worth several hundred million euros.
According to Financial Times (FT) sources, the company is in initial discussions about selling existing shares. This transaction could begin next year. According to the report, discussions are still at an early stage and no evaluation has been determined yet. Vinted declined to comment on the reports.
The company last brought new investors on board in October 2024. It secured 340 million euros through a share sale, which increased its valuation to five billion euros. The transaction follows rapid growth of the platform. It expanded in both existing and new markets and also introduced a verification service and new product categories.
In its report, the FT said Vinted’s sales are expected to rise by 40 percent to over €1 billion this year. Net sales almost quadrupled to 76.7 million euros last year.
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