This year I was busy with technical IPO and the beginning of today's Falkkechi is a fashionable story. Today the company opened a popular market of 35% on the New York Stock Exchange with a symbol of FTCH at $ 27. At the opening Thursday evening, the company announced that it valued IPO at $ 20 per share and raised $ 885 million from gains from the sale of 44,243,749 A class A shares. This figure exceeded the expected range of 17 to 19 dollars, and gave the company market capitalization of 5.8 billion dollars.
On the day before the end at the end of the day at $ 28.45, the stock reached $ 30.58 / share.
This is usually a powerful demonstration of Farfetch, For those who work in the field of online sales as well as for e-commerce, concentrate on the luxury goods market estimated at $ 30.7 billion in 2017, not in bargains and medium sized markets (according to Bain, IPO It is quoted in the first submission document) It reaches $ 446 billion in 2025.
In particular, in this case, the company had set tentative indicators for lifting $ 100 million, but in the end it was much lower than that. At that time, Farfetch was thought to reach $ 6-8.3 billion, but it did not show up.
As we have noted, Farfetch is also a pioneer in the creation of e-commerce markets for luxury goods and the fashion industry. The end of this market was somewhat late for digital purchase. For high-end products, it was thought that high-end services were needed in more personalized and beautiful shops.
In this context, Farfetch began working with boutiques and fashion houses that have not yet established an online business profile. "These sellers were cautious about their adoption …
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The high-end fashion market Farfetch is $ 28.45 and 42% on the first day of the New York Stock Exchange trading,
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