Fashion Tech Newswire

MyTheresa Launches Public Offering

Courtesy of MyTheresa

MYT Netherlands Parent B.V., the parent company of the Mytheresa Group GmbH, announced that it has launched the initial public offering of its American Depositary Shares (ADSs).

MYT Netherlands Parent B.V. is offering 15,647,059 ADSs to the public. Each ADS represents one ordinary share of the company. The company has also granted the underwriters a 30-day option to purchase up to an additional 2,347,058 of its ADSs at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $16 and $18 per ADS. Mytheresa has applied to list its ADSs on the New York Stock Exchange under the ticker symbol “MYTE.”

Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as lead book-running managers and representatives of the underwriters for the proposed offering. Credit Suisse Securities (USA) LLC and UBS Securities LLC are acting as book-running managers for the proposed offering. Jefferies LLC is acting as co-manager and Cowen and Company LLC is acting as passive bookrunner for the proposed offering.

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