Luxury Fashion Platform Mytheresa Aims to Go Public at $1.58 Billion Valuation

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Mytheresa said on Tuesday it aims to raise as much as $282 million in its US initial public offering, valuing the German luxury fashion e-commerce site at $1.58 billion. Mytheresa said it plans to sell about 15.6 million American depositary shares (ADS) priced at between $16 and $18 apiece. Munich-based Mytheresa is a digital platform that sells products from luxury fashion brands to its customers, such as Alexander McQueen, Fendi and Gucci.