Second-hand fashion platform Vinted is exploring a secondary share sale that could value the fast-growing business at around €8bn.

The move would allow some early investors in the Lithuanian marketplace to partially cash out, reported The Financial Times, while enabling the rapid expansion of Europe’s biggest resale platform.

According to the publication, Vinted is in early discussions about the sale of existing shares, with any formal process expected to begin next year. The company last raised capital about a year ago at a €5bn valuation in a round led by TPG and Baillie Gifford.

Chief executive Thomas Plantenga said revenues are on track to rise by roughly 40% to more than €1bn this year, up from €813m in 2024, fuelled by €10bn worth of goods sold on the platform.

Net profit jumped to €76.7m last year, roughly four times the previous year’s total, which the business attributed to the boom in popularity of second-hand fashion across Europe.

Having started in 2008 as a local clothes-swapping site, Vinted has since expanded into electronics, books, toys and video games as it seeks to capture a greater share of the booming resale market. The business is also sharpening its logistics and payments capabilities as it scales.

Earlier this month, the company begun testing routes into the US market, creating a link between London and New York to allow cross-border trading.

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