Spartoo flies towards the IPO. The French e-tailer, which sells footwear online all over the world, announced the imminent landing on the Paris Stock Exchange. The operation, as explained by CEO Boris Saragaglia, in the intentions of Spartoo, is the prelude to an enhancement of the offer and expansion to other segments.
Spartoo towards the IPO
On Monday June 7, Spartoo announced that “the French stock exchange authority (AMF) has approved its registration document”. This represents the first step in the IPO process. The listing will take place on the Paris Stock Exchange. “We are convinced that listing on the stock exchange will allow us to accelerate our sustainable growth strategy” explains Saragaglia. According to the CEO, the project “is fully in line with our intention to strengthen the fashion offer, including footwear, the main segment on which we have established our leadership, expanding the offer into new segments, such as home decoration”.
The year of digital
Spartoo was born in 2006, and is based in Grenoble. Through its platform it offers 8,000 brands, of which 16 are owned. Saragaglia explains that in 2020 “we sold more than 3 million pairs of shoes: our website attracts 14 million unique visitors per month”. Spartoo closed 2020 with a GMV of 194 million euros.
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