- Advertisement -
Vinted, Europe’s largest online marketplace for second-hand clothes, is ruling out an initial public offering for now as it focuses on expanding beyond fashion.
It’s easier to deal with five or six investors than to have to appease a large shareholder base, CEO Thomas Plantenga said on Thursday. The Vilnius, Lithuania-based company reached a valuation of €5 billion ($5.29 billion) after completing a secondary share sale last month led by the private equity firm TPG.
“We’re expanding…
