a.k.a. Brands Holding, which operates a portfolio of Millennial and Gen Z online fashion brands, raised $110 million by offering 10 million shares at $11, the low end of the downwardly revised range of $11 to $13. The company originally filed to offer 13.9 million shares at a range of $17 to $19, before lowering the proposed terms on Tuesday afternoon.
a.k.a. Brands Holding plans to list on the NYSE under the symbol AKA. BofA Securities, Credit Suisse, Jefferies, Wells Fargo Securities, KeyBanc Capital Markets, Cowen, Piper Sandler, and Truist Securities acted as joint bookrunners on the deal.
