Secondary share sale could value business at a premium, generating cash for early investors
- Vinted considering €200m share sale
- Working with Morgan Stanley on capital structure options
- Potential initial public offering in future
- Secondary share sale could value business at a premium
- Lithuanian start-up valued at €3.5bn in 2021
- Revenues rose 51% to €370.2m in 2022, pre-tax losses narrowed to €47.1m
Online second-hand marketplace Vinted is considering a secondary share sale of over €200m as it aims to lead the sustainable fashion boom. The company is working with Morgan Stanley on capital structure options ahead of a potential initial public offering. Sources say that discussions are in early stages and plans may change. In 2021, Vinted was valued at €3.5bn, with revenues rising 51% to €370.2m in 2022 while pre-tax losses narrowed to €47.1m from €118.2m.
Factuality Level: 7
Factuality Justification: The article provides accurate information about Vinted’s potential secondary share sale, its work with Morgan Stanley, and the company’s financial performance. However, it lacks some details on the specifics of the share sale and the exact plans for the capital structure.
Noise Level: 4
Noise Justification: The article provides relevant information about Vinted’s potential secondary share sale and its financial performance, but it lacks in-depth analysis or exploration of the broader implications of sustainable fashion trends. It also does not offer actionable insights or new knowledge for readers.
Financial Relevance: Yes
Financial Markets Impacted: Vinted, potential investors, secondary share sale
Financial Rating Justification: The article discusses Vinted’s consideration of a secondary share sale worth over €200m and its plans for an initial public offering, which directly pertains to financial topics such as valuation, capital structure, and market conditions. This can impact the company’s investors and financial markets through stock prices and investor sentiment.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
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