News has learned that the company began contacting possible investors this month regarding a secondary stock offering in which existing shareholders would sell all or a portion of their holdings.
Insiders estimate that if the transaction goes through, between $200 million and $500 million (£156 million and £390 million) worth of shares might be exchanged.
Executives and investors are reportedly optimistic that it will crystallize a valuation of approximately $5 billion, despite the fact that it would not require the company to raise any further funds.
Three months after the secondary share sale was announced, Morgan Stanley bankers are in charge of it.
Since its founding in 2008, the Lithuania-based company has grown to become one of the most well-known used-clothing markets globally.Bankers are keeping a close eye on Vinted as a possible contender for an IPO, which is expected to happen in the coming years.
The business completed its most recent significant primary funding in 2021.
