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.
Stitch Fix's IPO will test investor appetite for e-commerce start-ups that are trying to be unlike Amazon.
An IPO will likely challenge the online personal styling model, which remains popular but is largely untested as a profitable enterprise.
The disappointment arguably began with the retailer’s IPO in March, when the women's apparel brand failed to meet its target price.