Home / Knowledge / News / Fashion / Luxury online apparel retailer Farfetch files for IPO

Luxury online apparel retailer Farfetch files for IPO

22
Aug '18
Courtesy: Farfetch
Courtesy: Farfetch
London-based Farfetch Limited, a leading technology platform for the global luxury fashion industry, has filed a registration statement on Form F-1 with the US Securities and Exchange Commission relating to a proposed initial public offering (IPO) of its Class A ordinary shares. Farfetch has applied to list its shares on NYSE under the ticker symbol FTCH.
 
However, the number of shares to be offered and the price range for the proposed offering have not yet been determined.
 
Goldman Sachs & Co LLC, JP Morgan Securities LLC, Allen & Company LLC and UBS Securities LLC are acting as joint lead book-running managers for the proposed offering. Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc and Wells Fargo Securities, LLC are acting as joint bookrunners for the proposed offering. Cowen and Company, LLC and BNP Paribas Securities Corp are acting as co-managers for the proposed offering.
 
In 2017, Farfetch’s gross merchandise value (GMV) or the cumulative price of goods sold through the online marketplace rose 55.3 per cent year-on-year to $909.8 million, according to the filing. The company’s total revenue generated through online transactions increased 63.8 per cent in 2017 to $296.4 million, but it has yet to generate a profit.
 
According to the filing, 980 luxury sellers offer goods through the Farfetch marketplace. These sellers make over 5.7 million items available across 3,200 brands.
 
In addition to its online marketplace, Farfetch owns bricks-and-mortar luxury goods boutique Browns, which sells online through the Farfetch platform. (RKS)
 

Fibre2Fashion News Desk – India


Must ReadView All

Trump announces tariffs on $200 bn worth Chinese imports

Apparel/Garments | On 18th Sep 2018

Trump announces tariffs on $200 bn worth Chinese imports

US President Donald Trump escalated the trade war with China on...

Courtesy: Sunrise Bumi Textiles

Textiles | On 18th Sep 2018

Sunrise Bumi developing new products for profitability

Sunrise Bumi Textiles, one of the world's leading quality yarn...

New Zealand bans sheep mulesing

Textiles | On 18th Sep 2018

New Zealand bans sheep mulesing

New Zealand has banned the practice of mulseing sheep, making the...

Interviews View All

Subhashini Srinivasan, The S Studio

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search