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Bloomberg
Mytheresa.com, the luxury online retailer specialising in women’s clothing, is planning a US listing in early 2021, people with knowledge of the matter said.
The fast-growing German e-commerce company is working with advisers on preparations for a potential initial public offering, according to the people, who asked not to be identified because the information is private. It plans to seek a valuation of about $1 billion to $1.5 billion, though the target could change depending on business performance during the crucial holiday season, the people said.
Mytheresa has also attracted preliminary interest from listed blank-check firms, known as special purpose acquisition companies, one of the people said. The company, which is backed by Ares Management Corp and Canada Pension Plan Investment Board, is taking advantage of a boom in online sales as coronavirus lockdowns keep shoppers at home.