21 August, 2020 - 23 August, 2020
25 August, 2020 - 27 August, 2020
Sao Paulo, Brazil
30 August, 2020 - 03 September, 2020
01 September, 2020 - 01 November, 2020
09 September, 2020 - 11 September, 2020
The high-end fashion website lunched its IPO in New York on September 21 at US$20 per share, above the indicative range.
Established in 2008, Farfetch’s indicative IPO range had been set between US$17 and US$19 per share, meaning the Company is currently trading at a higher valuation than platforms such as Amazon and JD.com. The expanding online platform is home to about 700 independent brands and multi-brand boutiques worldwide, allowing distributors to have broad access to luxury customers and little-known designers to have a vast online storefront. It ships to more than 190 countries.
Farfetch aims to raise US$885 million by issuing 33.6 million new shares. Current shareholders are to dispose of 10.6 million shares. Farfetch’s IPO values the group at US$6.2 billion. Rivals include Matchesfashion.com and Net-a-Porter. In 2017, the global market for personal luxury goods was estimated at about US$307 billion and is expected to reach US$446 billion by 2025.