French online fashion retailer Showroomprive.com has taken its first steps towards an IPO by the end of the year. With the money it hopes to attract, it wants to speed up its growth.
200 million euro in new capital
Showroomprive.com has filed its first documents for an IPO with the AMF (Autorité des marchés financiers) and now hopes it can step onto the French stock exchange by the end of October or the beginning of November. All in all, it hopes to attract around 200 million euro in capital.
Thierry Petit and David Dayan, the founders, currently own 60 % of all shares and will maintain a majority after the IPO. Investor Accel Partners, on the other hand, will sell off most of its stake.
Founded in 2006, Showroomprive.com is currently active in 7 European countries and has plans to enter the German market. Its 2014 turnover reached 350 million euro, with its turnover up 30 % over the past three years thanks to its international expansion. Showroomprive.com has 20.2 million members worldwide.