Home Business NewsBusiness UK fashion retailer files for $100m New York IPO

UK fashion retailer files for $100m New York IPO

by Purvai Dua
20th Aug 18 1:03 pm

Farfetch has filed for a $100m initial public offering (IPO) on the New York Stock Exchange, the London-based online fashion retailer announced today.

The company, which has grown rapidly in recent years, plans to list with the symbol ‘FTCH’. It did not disclose the number of shares it would sell or the offer price per share.

“Farfetch is the leading technology platform for the global luxury fashion industry,” it notes in the prospectus.

“We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers. We are redefining how fashion is bought and sold through technology, data and innovation. We were founded ten years ago, and through significant investments in technology, infrastructure, people and relationships, we have become a trusted partner to luxury brands and retailers alike.”

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