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Investment bankingJune 20 2022

Rebelle breaks the mould with ‘green’ IPO

The online fashion marketplace, which has circular economy principles at its heart, was the first listing to benefit from Nasdaq’s green designation. Shanny Basar reports.
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Rebelle breaks the mould with ‘green’ IPO

Sophie-Cécile Wickmann, chief customer officer (CCO), had the idea for Rebelle, a European online marketplace for luxury second-hand fashion items, while trying to solve a problem. She wanted to sell clothes and accessories she had accumulated from former jobs and while studying for an MBA. She and co-founder Max Schönemann launched Rebelle in Hamburg in 2013. In February this year, the firm made history as Nasdaq’s first green initial public offering (IPO).

Rebelle.com has more than 200,000 product listings, including high-end brands, such as Louis Vuitton, Chanel and Prada. The company physically verifies the authenticity and quality of products sold, assumes all payment processes and ships to buyers.

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