Lithuania's Vinted has garnered a new valuation of €5 billion (approximately $5.4 billion) after closing a €340 million secondary share sale, primarily led by TPG. This move highlights a growing trend in Europe where startups seek liquidity amid a sluggish IPO market. Vinted's existing investors, including Accel and EQT, have retained stakes while the company celebrated a 61% revenue growth in 2023. CEO Thomas Plantenga emphasized the sale's role in rewarding employees for their contributions. The marketplace is also expanding beyond fashion into electronics, prompting competitive reactions from eBay.