Vinted mulls share sale that could value platform at £3.8bn

Vinted has reportedly contacted investors about a share sale, which could value the company at as much as £3.9bn.

The resale platform has contacted investors to gauge their interest in a stock offering, which would involve existing private shareholders offloading part or all of their stakes, according to Sky News .

Vinted has been backed by six venture capital firms (amongst other private investors): Accel, Burda Principal Investments, EQT Growth, Insight Venture Partners, Lightspeed Venture Partners, and Sprints Capital.

Up to £156m worth of shares could change hands if the sale goes ahead. Investors are hoping the sale will lead to a valuation of around £3.8m for the company, according to the report.

Rumours of a similar share sale – also purportedly handled by Morgan Stanley – swirled last October, but did not materialize.

Since then, the previously loss-making group has turned to a profit. In the last financial year, revenue hit €596.3m (£503.2), up 61 per cent year on year. It also posted a net profit of €17.8m in 2023, up from a net loss of €20.4m in 2022.

Vinted has also been tipped for an IPO. Last year, chief executive officer Thomas Plantanga described the company as “technically IPO-ready” but added that he wanted to make the best long-term decision for the business.

A decline in disposable incomes and a surge in sustainable shopping, particularly among Gen Z customers, has encouraged a boom in second-hand clothing sales.

Vinted was founded in 2008 in Lithuania and, in 2019, became the country’s first unicorn .

It has grown to trade in 16 different countries including the US, Italy, Portugal, the UK, Germany and Canada.

Vinted was contacted for comment.