<ul><li>Lithuania’s Vinted reaches $5.4 billion valuation after $367 million secondary share sale.</li><li>The transaction was led by TPG and included new participants Baillie Gifford, FJ Labs, Hedosophia, Invus Opportunities, Manhattan Venture Partners, and Moore Strategic Ventures.</li><li>Secondary market transactions are on the rise in Europe as scale-ups aim to provide liquidity for employees and investors amid a slow IPO market.</li><li>Vinted, a second-hand fashion marketplace, has seen significant growth, expanding geographically and reporting record revenue growth of 61% in 2023.</li></ul>

Vinted hits $5.4B valuation amid wave of secondary share sales in Europe

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