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Must Read: What You Need to Know About Farfetch's IPO, Fila Reboots With a Show at Milan Fashion Week
These are the stories making headlines in fashion on Friday. What you need to know about Farfetch's IPOFarfetch began trading on the New York Stock Exchange on Friday. Its shares are priced at $20 each, which is above the anticipated range of $17 to $19, suggesting the demand for Farfetch...
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Farfetch IPO Prices at $20, Faces Market Test
Farfetch's day has come.
The luxe ecommerce platform's initial public offering priced above the expected range, fetching $20 a share. That tops the $17 to $19 the company had previously projected and will raise a total of $885 million. About $672 million of that will go to the company, while the balance will go to early investors participating in the offering.
Farfetch will use the money raised for working capital and to “fund incremental growth and other general corporate purposes, including possible acquisitions.”
The strong offering underscores the investor appetite for both digital and...
Read more ...
Farfetch IPO Prices at $20, Faces Market Test
Farfetch's day has come.
The luxe ecommerce platform's initial public offering priced above the expected range, fetching $20 a share. That tops the $17 to $19 the company had previously projected and will raise a total of $885 million. About $672 million of that will go to the company, while the balance will go to early investors participating in the offering.
Farfetch will use the money raised for working capital and to “fund incremental growth and other general corporate purposes, including possible acquisitions.”
The strong offering underscores the investor appetite for both digital and...
Read more ...
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