Lithuanian Fashion Retailer Vinted Explores 200 Million Euro Share Issuance for Expansion

Vinted, a leading European second-hand fashion retailer, is reportedly collaborating with investment bank Morgan Stanley to explore the possibility of issuing 200 million euros worth of shares. 

This move could precede a stock market flotation, marking an important development for the company's expansion plans. 

While Vinted and Morgan Stanley have not commented on this, it's a financial move that could potentially increase Vinted's valuation beyond the 3.5 billion euros achieved in May 2021 when they raised significant funds.

As the third-largest online fashion retailer in Europe, Vinted seeks to finance its expansion efforts, especially in the United States. Their historical strategy has been to attract more sellers and eventually break even. 

The company's appeal has grown with the increasing popularity of the second-hand market, particularly due to recent inflation in the market of new products. To enhance their offerings and attract professional sellers, Vinted recently introduced a product verification service in key markets.

In 2022, Vinted's sales experienced a 51% growth, reaching 370.2 million euros, and the group managed to reduce its losses. Currently operating in 19 European and American markets with 80 million members, Vinted is clearly positioning itself for further expansion and potential stock market entry.


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