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Mytheresa Aiming for $1.58 Billion Valuation

Khaite x Mytheresa Capsule collection
An image from the Khaite x Mytheresa Capsule collection. Mytheresa.

The luxury e-tailer is offering 15.6 million shares on the New York Stock Exchange. In a statement on Tuesday, the company said it expects its share price to debut between $16 and $18 per share.

The company aims to raise as much as $282 million, according to Reuters, at a $1.58 billion valuation.

Mytheresa is going public at a time when the Covid-19 pandemic pushed more luxury sales online than ever before. The company, which is profitable, netted over $500 million in annual sales for the year ending June 30, 2020, a 20 percent year-on-year increase.

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