BlackRock is among the line-up of new investors looking to take a stake in second-hand marketplace Vinted.
The asset manager is reportedly one of several new investors that have agreed to take part in a secondary share transaction, the results of which will be announced in the coming weeks.
According to Sky News, the deal has been under discussion for several months and would see BlackRock and other investors acquire stakes from the marketplace’s existing shareholders.
Vinted is now valued at about £7bn and a secondary round is expected to comprise stock worth in excess of £500m. Vinted’s UK shareholders include Schroders and Baillie Gifford.
Vinted was founded 18 years ago by Milda Mitkute and Justas Janauskas in Vilnius, Lithuania. The marketplace was expected to surpass €1bn in revenue last year, a significant increase from the €813m it turned over in 2024.
The marketplace began with second-hand clothing but has since expanded to a range of household items including children’s toys, electronics, games and books.
It’s speculated that the secondary transaction may be the last significant change to Vinted’s share register before it decides to float.
Vinted, Blackrock, OTPP, EQT and Schroders declined to comment on the secondary share sale, reports Sky News.
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