Mytheresa prepares for listing in America

Mytheresa prepares for listing in America

Mytheresa plans a U.S. listing in 2021. The luxury online retailer specializing in women’s clothing is working with consultants on a potential initial public offering (IPO), aiming for a $ 1 to 1.5 billion dollar valuation. Bloomberg reports. The e-commerce platform, backed by Ares Management Corp. and Canada Pension Plan Investment Board, is benefiting from the boom in online sales caused by Covid, which is forcing shoppers home. This is demonstrated by shares in rival Farfetch platform, which nearly quadrupled this year, boosted by a $ 1.1 billion investment by Alibaba and Richemont announced this month. Founded near Munich in 2006, Mytheresa was acquired by the American department store chain Neiman Marcus in 2014

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