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Recover, a materials science company founded in 1947 and based in Banyeres de Mariola, Spain, specializes in transforming textile waste into sustainable recycled cotton fibers and blends. The company's innovative approach offers a solution to close the loop on fashion, providing environmentally friendly and cost-competitive products to global retailers and brands.
In June 2022, Recover secured a significant private equity investment of $100 million, led by Goldman Sachs Asset Management and STORY3 Capital Partners. This funding round valued the company at $1.1 billion, highlighting the growing interest in sustainable textile manufacturing. The investment is expected to support Recover's expansion and further development of its eco-friendly technologies.
While there is currently no concrete information available regarding Recover's IPO prospects, the company's recent funding success and its position in the sustainable fashion industry have generated interest among potential investors. However, it's important to note that any discussions about a possible Recover IPO remain speculative at this time.
Factors that could influence Recover's decision to go public in the future may include market conditions, the company's financial performance, and the overall demand for sustainable textile solutions. As the fashion industry continues to prioritize environmental responsibility, Recover's innovative approach to textile recycling may position it favorably in the market.
Investors interested in the potential opportunity to buy Recover stock or invest in Recover shares should keep an eye on official announcements from the company regarding any plans for going public. Until then, Recover remains a private company, and its shares are not available for public trading.
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While Recover's IPO prospects remain uncertain, investors interested in the sustainable textile industry don't have to wait. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides opportunities to invest in potential industry leaders like Recover, with lower minimum investments than traditional private equity options. This allows you to potentially benefit from the growth of innovative companies in the circular economy space while diversifying your portfolio.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
