Farfetch has announced the terms of its IPO on the New York Stock Exchange, which could value the online fashion retailer at almost $5 billion. The London-based retailer intends to raise $600 million (£467 million) by offering 37.5 million shares priced between $15 and $17. At the midpoint of the proposed range, Farfetch would command a fully diluted market value of $4.9 billion (£3.8 billion).
Farfetch has officially filed for an initial public offering (IPO) on the New York Stock Exchange.
Farfetch has officially filed for an initial public offering (IPO) on the New York Stock Exchange. The luxury online fashion house has filed to go public, after enlisting the help of bankers from JPMorgan and Goldman Sachs in March this year.
Green Man Gaming saw its full year turnover rise 28 per cent to £45.7 million, as the retailer eyes a potential £100 million stock market float. The Telegraph reported that the video games business filed accounts for the financial year to December 2017 with losses before tax down from £2.4 million to £931,000. Green Man Gaming appointed Numis in April to manage a stock market listing for the business.
Discount gifts and stationery retailer The Works has announced a successful pricing of its IPO on the main market of the London Stock Exchange. The offer price has been set at 160p per share, which equates to a market capitalisation of £100 million on admission. The retailer – which also sells books, arts, crafts, and toys – said it expected dealings would commence from July 19.
The wholesale club is aggressively expanding online and mobile capabilities following its IPO, adding new digital payment options to streamline transactions.
Cake Box’s initial public offering (IPO) is set to see its founders gain £17 million, with none of the funds raised being reinvested into the business. The egg-free desserts specialist will be worth around £43 million when it enters the Alternative Investments Market (AIM) next week.
A flea market app that has been compared to eBay and Craigslist is poised to challenge both and more as it expands in the U.S. and raises more than $6 billion in an IPO.
US based accessories retailer Claire’s is reportedly on the verge of collapse as it prepares to file for bankruptcy. According to Bloomberg the retailer is sitting on around $2 billion (£1.44 billion) of debt, more than 10 times a key measure of its annual earnings. The move to file for bankruptcy comes ahead of a $60 million (£43.25 million) interest payment which is due on March 13
Farfetch is preparing itself for a listing on the New York Stock Exchange, with the online retailer poised to choose a bank to lead the float.