Farfetch is going public

Online luxury e-commerce company Farfetch has commenced its operation to join the New York Stock Exchange and is poised to earn approximately US$450 million in the initial public offering.

The fashion marketplace has confirmed it will offer approximately 30 million shares with an estimated value of between US$15 and US$17 per share.

A further 7.4 million shares will be available to certain selling shareholders, increasing the total number of shares to approximately 37.5 million.

Goldman Sachs & Co., J.P. Morgan Securities, Allen & Company and UBS Securities are acting as joint lead-book running managers for the proposed offering.

Farfetch was launched in 2008 and sold products from 25 boutiques in five countries, and by 2016 that number had risen to almost 500 boutique partners with 200 direct partners.

In 2017 Farfetch partnered with JD.com to bring the luxury marketplace to China, significantly expanding the reach of the retailer.

As of March 31, 2018, over 2,900 brands are available on the marketplace, across its range of women’s, men’s and kids’ apparel, vintage, watches and jewellery, which ship to over 190 countries.

Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.

Comments

Comment Manually

Twitter

Myer will close all stores at close of business Sunday and stand down approximately 10,000 staff without pay for an… https://t.co/5sHH9ESabA

3 days ago

Hairdressers have slammed the Government for flip-flopping on store closures, saying 30-minute cuts still put them… https://t.co/NlRdHNpMmI

4 days ago

NSW and Tasmania are taking steps to prevent tenants from being locked out if they fail to pay the rent in the comi… https://t.co/iHeroUCB1U

4 days ago