German e-commerce firm Mytheresa, known mainly for its womenswear, has said that it has filed confidentially for US initial public offering or IPO.
In a statement released to media, the Munich-based luxury fashion e-tailer also said that the size and price for the share sale hasn’t been yet determined.
The IPO, reportedly, would happen following completion of the review process by US Securities and Exchange Commission.
As reported in Bloomberg, Mytheresa is closely working with advisers and is intending to go public early next year.
Sources close to the matter say that the Germane-commerce firm plans to seek valuation of around US $ 1 billion to US $ 1.5 billion. However, that would depend on the business performance during the fast nearing holiday season.
There are also reports that some listed blank-check firms have shown initial interest towards the luxury e-commerce firm. Nothing has been officially confirmed on the same.
With more than 700 employees, Mytheresa sells 250 brands across 140 countries through its website – brands that include the likes of Gucci and Prada, amongst others. In 2014, Mytheresa was acquired by Neiman Marcus.