Vestiaire Collective CEO Max Bittner Talks About Hitting Profitability Before an IPO [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
But first things first. More from WWD How L.A. Fashion Brand Simon Miller Sharpened Its Price Point and Space Mod Aesthetic for Success Magnesium Is the Key to Better Sleep, Here Are 10 of the Buzziest Brands to Try How Vestiaire Is Using AI to Scale Its Business and Improve Customer Service “I will not do an IPO before the company turns profitable,” Bittner told WWD, revealing publicly a particular precondition for listing shares. “Obviously, an IPO is much less about what I want. Right? I can sit here and say what I want all day long. An IPO is possible or not possible depending on the macro environment. Right now, the macro environment is not very IPO friendly. Do I think the macro environment will change in the next 12 months? No.” Bittner isn't the only one feeling the macro squeeze. Sneaker brand Golden Goose teed up what was to be a much-watched IPO only to pull back at the 11th hour , citing “European market volatility.” What should change over the next year i
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