The German retailer said sales in the last three months of 2021 hit £157m, up 18.3pc from a year earlier. Profit in the same period was £66m, a 27.4pc jump from a year ago.
The German retailer said sales in the last three months of 2021 hit £157m, up 18.3pc from a year earlier. Profit in the same period was £66m, a 27.4pc jump from a year ago.
By Reuters Staff
2 Min Read
(Reuters) - Mytheresa’s shares jumped more than 37% in their U.S. market debut on Thursday, giving the German online luxury fashion retailer a market value of $3.08 billion.
Mytheresa’s American depositary shares (ADS) opened at $35.85, well above their initial public offering (IPO) price of $26 apiece. The company had earlier targeted a price range of $16 to $18.
The Munich-based company, which sells products from brands such as Alexander McQueen, Fendi and Gucci, offered 15.6 million ADS in its IPO, raising $406.8 million.
The company was founded as a fashion store more than 30 years ago by Susanne and Christoph Botschen, who launched its online version in 2006 and sold the business to luxury department chain Neiman Marcus in 2014.
Münchner Internetfirma Mytheresa geht an die Börse in New York sueddeutsche.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sueddeutsche.de Daily Mail and Mail on Sunday newspapers.
The firm, which sells brands such as Gucci, Jimmy Choo and Burberry (pictured), wants to raise £111m in the US. Analysts think it could be worth up to £1bn.