Rebelle succeeds in going public in Sweden

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

Hamburg-based start-up Rebelle has gone public on the Swedish Nasdaq First North Growth Market as planned. In doing so, 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 sales from sustainable business activities.

High-Tech Gründerfonds (HTGF), which has invested in the start-up since 2013, is particularly pleased with the IPO. "The development that the company has taken in these years is truly remarkable. The fact that we as HTGF were additionally able to contribute to a young company in Europe going public makes us very happy," says Alex von Frankenberg, HTGF's managing director. 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 the company's 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 packages to more than 40 different countries every day. The start-up is based in Hamburg and employs 90 people there.