{"id":163879,"date":"2021-01-13T12:42:07","date_gmt":"2021-01-13T12:42:07","guid":{"rendered":"https:\/\/www.theindustry.fashion\/mytheresa-plans-to-join-new-york-stock-exchange\/"},"modified":"2021-08-06T12:09:51","modified_gmt":"2021-08-06T12:09:51","slug":"mytheresa-plans-to-join-new-york-stock-exchange","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/mytheresa-plans-to-join-new-york-stock-exchange\/","title":{"rendered":"MyTheresa announces expected share price on New York Stock Exchange"},"content":{"rendered":"<p><a href=\"https:\/\/www.theindustry.fashion\/intelligence\/mytheresa-com\">Mytheresa<\/a>, the German-based global luxury fashion platform, has <strong>announced that it has launched the initial public offering of its American Depositary Shares<\/strong> (ADS's), with an initial public offering price expected to be <strong>between <span class=\"xn-money\">$16.00<\/span>\u00a0and\u00a0<span class=\"xn-money\">$18.00<\/span> each.<\/strong><\/p>\n<p>Mytheresa has <a href=\"https:\/\/www.theindustry.fashion\/mytheresa-confirms-plans-to-float-in-new-york\/\">applied to list on the New York Stock Exchange<\/a> under the ticker symbol \"MYTE\", <strong>offering 15,647,059 ADS's to the public, each one representing one ordinary share of the company.<\/strong><\/p>\n<p>The listing will be underwritten by Morgan Stanley, JP Morgan, Credit Suisse, UBS, Jefferies and Cowen.<\/p>\n<p>Mytheresa has enjoyed strong sales growth in the face of the pandemic, having\u00a0recorded revenues of \u20ac450m (2019: \u20ac377m) in the year ending June 2020 as sales jumped by 20%. In the <strong>three months to 30 September it\u00a0reported a 27.5% rise in net sales\u00a0<\/strong>to \u20ac126.4m.<\/p>\n<p>The business <strong>sells around 250 luxury brands from Burberry to Chloe and Prada <\/strong>on its site. It was founded as a designer boutique in 1987 and made the move into e-commerce in 2007.<\/p>\n<p>A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.<\/p>\n<p><a href=\"https:\/\/www.theindustry.fashion\/subscribe-now\/?utm_source=website&amp;utm_medium=banner&amp;utm_campaign=insight_button&amp;utm_content=insight_button_0719\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-143048 size-full\" src=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/Screenshot-2020-05-11-at-18.39.04-2.png\" alt=\"\" width=\"1680\" height=\"268\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":142008,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[11222,9861,13522,13458,16500,10017],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MyTheresa announces expected share price on New York Stock Exchange - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Mytheresa, the German-based global luxury fashion platform, has announced that it has launched the initial public offering of its American Depositary\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/mytheresa-plans-to-join-new-york-stock-exchange\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MyTheresa announces expected share price on New York Stock Exchange - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"Mytheresa, the German-based global luxury fashion platform, has announced that it has launched the initial public offering of its American Depositary\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/mytheresa-plans-to-join-new-york-stock-exchange\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-13T12:42:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-06T12:09:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2021\/07\/mythereseahead.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tom Shearsmith\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tom Shearsmith\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/mytheresa-plans-to-join-new-york-stock-exchange\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/mytheresa-plans-to-join-new-york-stock-exchange\/\"},\"author\":{\"name\":\"Tom Shearsmith\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/0ef585178e99d23ac0b525337547c9be\"},\"headline\":\"MyTheresa announces expected share price on New York Stock Exchange\",\"datePublished\":\"2021-01-13T12:42:07+00:00\",\"dateModified\":\"2021-08-06T12:09:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/mytheresa-plans-to-join-new-york-stock-exchange\/\"},\"wordCount\":207,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"Finance\",\"menswear\",\"Mytheresa\",\"New York Stock Exchange\",\"Shares\",\"womenswear\"],\"articleSection\":{\"0\":\"Finance\",\"2\":\"News &amp; 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