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# Vinted’s CEO says the US is an “enormous opportunity” as the $9B secondhand marketplace plots its Atlantic crossing

**[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments

## Summary

Vinted, the €8 billion Lithuanian secondhand marketplace, is pushing into the US market after years of dormancy there, with CEO Adam Jay calling it an 'enormous opportunity' while cautioning success could take years. The company posted €1.1 billion in 2025 revenue (up 38%) and €10.8 billion in GMV (up 47%), though net profit fell 19% as it invested heavily in logistics, payments, and geographic expansion. Vinted is cash-positive with €137 million in free cash flow and describes itself as 'IPO-ready' with no set timeline. Key US challenges include high shipping costs and competition from Poshmark, ThredUp, Mercari, and eBay's pending Depop acquisition. The company has also expanded beyond fashion into electronics, books, and toys, and its investment arm recently led a $26 million round in live-commerce platform Tilt.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/vinted-9-billion-us-expansion-ipo-adam-jay-london-tech-week>

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---

Tags: [#ecommerce](https://daily.dev/tags/ecommerce), [#ipo](https://daily.dev/tags/ipo)

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