Rebelle successfully goes public in Sweden

The Hamburg-based online marketplace for second-hand designer fashion is the first green IPO in the Nasdaq system.

The Hamburg-based start-up Rebelle has gone public as planned on the Swedish Nasdaq First North Growth Market. Rebelle is apparently the first IPO in the global Nasdaq system with a Nasdaq Green Equity Designation. Nasdaq awards this designation to companies that generate more than 50 percent of their turnover from sustainable business activities.

High-Tech Gründerfonds (HTGF), which has invested in the start-up since 2013, is particularly pleased about the IPO. "The development that the company has made in these years is truly remarkable. We are very pleased that we as HTGF were also able to contribute to a young company going public in Europe," says Alex von Frankenberg, Managing Director of HTGF. Rebelle is the investor's fourth portfolio company to go public.

Cécile Wickmann and Max Schönemann founded the online marketplace for designer second-hand fashion in 2013. According to their own information, customers can purchase more than 200,000 unique items from luxury brands on the marketplace. An in-house team of experts checks every single designer piece for authenticity and quality. According to the company, it sends hundreds of parcels to over 40 different countries every day. The start-up is based in Hamburg and employs 90 people there.