Mytheresa announces closing of IPO

By

Gabriella Lacombe

Published
Jan 27, 2021

German online luxury retailer Mytheresa has announced the close of its initial public offering, first announced earlier this month. 

The offering of 17,994,117 American Depositary Shares (ADSs) represents 17,994,117 ordinary shares, including the full exercise by the underwriters of their option to purchase 2,347,058 additional ADSs, representing 2,347,058 ordinary shares, at a public offering price of $26 per ADS. 

The company sold 14,233,823 ADSs in the offering and its sole shareholder sold 3,760,294 ADSs in the offering, including 586,764 ADSs sold by the company and 1,760,294 ADSs sold by the sole shareholder pursuant to the exercise in full of the underwriters’ option to purchase additional ADSs. 

At the time of the IPO announcement, the retailer, launched in 2006, was valued at $2.2 billion. 

The offer was led by Morgan Stanley and J.P. Morgan. Credit Suisse and UBS Securities acted as joint bookrunning managers for the offering. Jefferies LLC and Cowen and Company acted as bookrunning managers.

Shares of the company will trade on the New York Stock Exchange under the symbol MYTE.