Farfetch Debuts IPO With Market Cap of $5.8 Billion USD
29 days ago - By Hypebeast
Last month, luxury marketplace Farfetch took the necessary steps to file for an IPO on the New York Stock Exchange , debuting today at $27 USD per share. Trading under the acronym FTCH, the UK-based company enjoys an approximate market cap of $5.8 billion USD and saw strong activity on its first day of trading, soaring to a high of $30.58 USD per share - it currently sits at $28.20 USD at time of writing. Though initial reports noted that the company may miss its desired $5 billion USD valuation , the strong trading has situated Farfetch at an estimated valuation approaching $4.8 billion...
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Farfetch Stock Soars Beyond $8 Billion Valuation
29 days ago - By WWD
Farfetch hit Wall Street with a bang today.
Shares of the luxury e-commerce platform shot up more than 42 percent to $28.45 in the issue's first few minutes of trading on the New York Stock Exchange.
The initial offering, at a higher-than-expected $20 a share, and the subsequent run-up in trading gave Farfetch a valuation of more than $8 billion.
Clearly, investors remain very interested in the intersection of luxury and e-commerce. The response also underscored the importance of platforms. Farfetch's marketplace caters to 2.3 million consumers and 980 sellers, making it a real player with...
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