Vinted is holding early-stage talks on a potential share sale that could value the Lithuania-based second-hand fashion platform at €8bn ($9.27bn), as reported by The Financial Times.
The transaction would involve existing shares and could total several hundred million euros, with any formal process expected to begin early in 2026.
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Talks remain at an early stage and no final valuation or deal size has been set.
Vinted last raised capital in late 2024 at a €5bn valuation in a round led by TPG, alongside Baillie Gifford.
The company’s investors include Accel, Insight Partners, EQT, Lightspeed and Sprints.
Chief executive Thomas Plantenga told FT that revenues are projected to increase by 40% iin 2025 to more than €1bn, up from €813m in 2024, on gross merchandise value of €10bn.
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By GlobalDataNet profit soared fourfold in 2024 to €76.7m.
Founded in 2008 as a local clothing-swap site, Vinted became Lithuania’s first $1bn technology start-up in 2019.
The company is expanding beyond clothing into categories such as electronics, books, toys and video games, and is focussing on improving its shipping and payments infrastructure.
Plantenga has previously indicated that Vinted could seek a US expansion.
The company has begun its first test of the market by enabling trading between users in London and New York.
An initial public offering remains a possibility, though the company has not set a timeline.
