Second-hand start-up Rebelle plans IPO in Sweden
The Hamburg-based start-up opts for the Stockholm Stock Exchange due to the sustainability-oriented market environment.
The second-hand start-up Rebelle is planning its IPO in Sweden for February 25, according to start-up scene reports. The start-up has founded a Swedish holding company, Rebelle AB, for this purpose. The founders have opted for an IPO in a Nordic country, as the market environment for sustainability-oriented companies is better there.
According to Gründerszene , the shares are to be issued at a fixed price of 2.64 euros, which corresponds to a total market value of the shares of around 40 million euros before the IPO. The company intends to use the proceeds from the IPO to drive forward its expansion into Italy, the Netherlands and the Scandinavian countries.
Cécile Wickmann and Max Schönemann founded the online platform in 2013. The founders offer a digital marketplace where customers can buy or sell second-hand designer fashion. An in-house team of experts checks every single designer item 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.
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