Second-hand marketplace Vinted is considering a secondary share sale worth more than £174m (€200m) as it looks to capitalise on the pre-loved fashion boom.
The platform is working with Morgan Stanley to explore its options for its capital structure ahead of a possible initial public offering, the Financial Times reported.
Sources told the publication Vinted was weighing up selling new shares on top of existing ones but could also chose to stick with its current capital structure given the persistent uncertainty in the markets.
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A possible share sale could value the marketplace platform at a premium to its previous valuation of £3bn (€3.5bn) in May 2021, and would help generate cash for early investors.
The discussions are understood to still be at an early stage, sources said.
Vinted narrowed its pre-tax losses from €118.2m to €47.1m last year as sales rocketed 51% to €370.2m.
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