Chronext, a Swiss online marketplace for new and pre-loved wristwatches, is said to be looking at an initial public offering (IPO). As per Reuters the potential value would sit around the 1 Billion Euro mark.
Based on that valuation, it appears investors would be expecting Chronext to haul in approximately 200 Million Euro in sales per year for the next couple of years. No small potatoes.
Whispers are also circulating that Chrono24, a German based competitor, is also exploring a similar path forward in a search for further growth.
Story surely to be continued!