French online furniture store Vente-Unique.com will bring a part of its shares to the Paris stock exchange. It has filed a request with the appropriate authorities, but it remains unclear how many shares will become available.
100 million euro by 2019
Vente-Unique.com was founded 8 years ago is currently available in 7 countries: France, Germany, Austria, Spain, Belgium, Luxembourg and Switzerland. It has some 500,000 customers and has 8,000 products on sale.
In its past fiscal year, which ended in September, the online furniture store managed a 50.9 million euro turnover, an 11 % increase compared to the year before that. Its profit was 800,000 euro. The first half of this fiscal year resulted in a 23 million euro turnover, 15 % higher than the year before and by 2019, the company aims to breach the 100 million euro barrier.