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Swedish Challenger to H&M Planning IPO to Lure ESG Investors

  • Northzone backed Na-Kd says IPO is among options for growth
  • Fast-fashion firm targets being among world’s most sustainable
NA-KD X Kaufhof Opening & Blogger Event In Frankfurt am Main

Photographer: Thomas Lohnes/Getty Images 

One of Sweden’s fastest growing online retailers is getting ready to raise funds on the stock market by convincing ethically-conscious investors that fast fashion can be sustainable.

Jarno Vanhatapio, chief executive officer and founder of Nakdcom One World AB, says the company is now “preparing for all scenarios” when it comes to funding, and while there is no set date for an initial public offering, “we are looking at our cap table for sure.”