Luxury online retailer Farfetch plans to raise $446M in IPO

Trading.co.uk
Sep 6, 2018 · 2 min read

Online luxury e-commerce company Farfetch says it expects to reap $446.5 million in its upcoming initial U.S. stock sale.

The London-based company, which runs a global platform matching upscale brands with affluent buyers, revealed pricing terms of its initial public offering on the New York Stock Exchange in a filing late Wednesday.

Farfetch said it’s selling 30 million shares but did not give a date for the IPO, which was announced in August.

Farfetch doesn’t buy or manufacture any of the products it sells but instead acts as a channel for brands such as Gucci and Prada.

The company said it had 1.1 million active users as of June but its first-half losses more than doubled to $68.4 million.

Be alerted to the latest news and events with trading.co.uk!

Trading.co.uk has just the thing to help. On our dedicated Crypto feed, you will see events affecting cryptocurrencies as they unfold in real-time, in one place. Our AI only locates articles that are relevant to you. It scans the web and writes a story based on multiple sources giving you the maximum insight in the smallest amount of time. Allowing more time to make smarter, better-informed decisions surrounding your investments.

Interested in using our AI for your Investment Strategy? Sign-up to trading.co.uk for FREE now!

Author- Becki Leighton from Trading.co.uk

Quotes sourced from The Financial Post

Trading.co.uk

Written by

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade