[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text]
On 12 January, the German luxury online sales platform unveiled the $282 million price of its IPO, announced at the end of 2020. The company plans to sell around 15.6 million US Depositary Shares (ADS) at a price of between $16 and $18 each.
The platform plans to set the exact price for its IPO on 20 January and trade the next day, according to a nearby source.
Mytheresa will be listed on the New York Stock Exchange under the symbol “MYTE” and stated that the proceeds of the IPO were earmarked to pay off the debt related to last year’s bankruptcy of former parent Neiman Marcus.
Indeed, Mytheresa, which was only a small player in luxury e-commerce, was bought by Neiman Marcus in 2014. Neiman Marcus filed for bankruptcy in early 2020, partly due to the pandemic, and handed over part of Mytheresa to its creditors.
Let us recall that the company had a brilliant start in 2020 and achieved good results during the pandemic, or rather thanks to it. In fact, health restrictions have boosted online sales, with its online activity increasing by 20% in 2020. Mytheresa had then recorded a net profit of €9.6 million, compared to a loss of €4.3 million in 2019.
The platform is not the only one to unveil its IPO price this month, 8 other companies are expected to follow suit.
Read also > FINANCE : MYTHERESA PREPARES FOR AN IPO
Featured Photo : © Press[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
On 12 January, the German luxury online sales platform unveiled the $282 million price of its IPO, announced at the end of 2020. The company plans to sell around 15.6 million US Depositary Shares (ADS) at a price of between $16 and $18 each.
The platform plans to set the exact price for its IPO on 20 January and trade the next day, according to a nearby source.
Mytheresa will be listed on the New York Stock Exchange under the symbol “MYTE” and stated that the proceeds of the IPO were earmarked to pay off the debt related to last year’s bankruptcy of former parent Neiman Marcus moj blog.
Indeed, Mytheresa, which was only a small player in luxury e-commerce, was bought by Neiman Marcus in 2014. Neiman Marcus filed for bankruptcy in early 2020, partly due to the pandemic, and handed over part of Mytheresa to its creditors.
[…][/vc_column_text][vc_cta h2=”This article is for subscribers only.” h2_font_container=”font_size:16″ h2_use_theme_fonts=”yes” h4=”Subscribe now!” h4_font_container=”font_size:32|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE!” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fabonnements-et-newsletter-2-2%2F|||”]Unlimited access to all the articles and live a new reading experience, preview contents, exclusive newsletters…
Already have an account? Log in.[/vc_cta][vc_column_text]Featured photo: © Press[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles”][vc_column][vc_column_text]
On 12 January, the German luxury online sales platform unveiled the $282 million price of its IPO, announced at the end of 2020. The company plans to sell around 15.6 million US Depositary Shares (ADS) at a price of between $16 and $18 each.
The platform plans to set the exact price for its IPO on 20 January and trade the next day, according to a nearby source.
Mytheresa will be listed on the New York Stock Exchange under the symbol “MYTE” and stated that the proceeds of the IPO were earmarked to pay off the debt related to last year’s bankruptcy of former parent Neiman Marcus.
Indeed, Mytheresa, which was only a small player in luxury e-commerce, was bought by Neiman Marcus in 2014. Neiman Marcus filed for bankruptcy in early 2020, partly due to the pandemic, and handed over part of Mytheresa to its creditors.
[…][/vc_column_text][vc_cta h2=”This article is for subscribers only.” h2_font_container=”font_size:16″ h2_use_theme_fonts=”yes” h4=”Subscribe now!” h4_font_container=”font_size:32|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE!” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fabonnements-et-newsletter-2-2%2F|||”]Unlimited access to all the articles and live a new reading experience, preview contents, exclusive newsletters osterreichische-apotheke.com…
Already have an account? Log in.[/vc_cta][vc_column_text]Featured photo: © Press[/vc_column_text][/vc_column][/vc_row]
