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.
Jim Cramer broke down why he thinks the IPO market has been slim pickings amidst the current bull market.
Shares plummeted after the company's first post-IPO earnings report as executives justified spending and declared that premium brands won't be a focus going forward.
Just last month, San Francisco-based Stitch Fix raised $120 million in a downsized IPO.
After a 2015 IPO, Etsy struggled to maintain its lofty ideals, despite pressure from the stock market.
Online luxury fashion retailer Farfetch saw losses widen by 27 per cent during 2016, despite revenues nearly doubling. Last year Farfetch’s revenues rose from 73 per cent to £151.3 million, while its gross merchandise value hit £548 million, rising from £302 million a year prior.
Footwear retailer Footasylum is set to list on the London Stock Exchange (LSE) next week with and has been valued at £171.3 million with a price of £1.64 per share. Following last week’s announcement that it will launch an IPO on AIM, GCA Altium acted as financial advisor raising £65.4 million for Footasylum, which will begin trading on November 2.