Technically, Vinted is ready for an IPO, but the time to actually do so is not yet right.
That says the Dutch CEO of the clothing marketplace Thomas Plantenga in an interview with the tech release Sifted.
Operationally, the signals are green, but the sacred need to go to the stock exchange as soon as possible is not there. The sentiment on the stock markets is not really good and it would not yield much extra for Plantenga from a practical point of view.
The CEO is not concerned with profit maximization, because he builds a sustainable organization for the long term. That is why there are also 150 vacancies: an investment in further growth.
In recent years, ten external investors invested around 525 million euros in seven rounds Vinted from Lithuania. Among them: Accel, Lightspeed, EQT, Burda Principal and Insight Partners. It is up to the CEO to persuade them to stay longer and not to sell yet.
The sustainability strategy is also leading at Adevinta, another marketplace company in Europe. Marktplaats.nl is part of this and has recently started an active policy to promote its sustainable side more actively.
*) Photo by Hugo Clementop Unsplash
Source: Nieuws – Emerce by www.emerce.nl.
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