Farfetch, a global online fashion platform and luxury brand retailer, filed on Monday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $400 million.
The London, United Kingdom-based company booked $481 million in revenue for the 12 months ended June 30, 2018. It plans to list on the NYSE under the symbol FTCH. Farfetch filed confidentially on May 30, 2018. Goldman Sachs, J.P. Morgan, Allen & Company, UBS Investment Bank, Credit Suisse, Deutsche Bank and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
