|Bid||0.00 x 1300|
|Ask||0.00 x 1300|
|Day's Range||27.77 - 32.40|
|52 Week Range||27.00 - 32.40|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
NEW YORK, NY / ACCESSWIRE / September 24, 2018 / FarFetch made its debut in the market on Friday, closing the day up a little over 42%. Blackstone Group also saw gains and hit a new high on remarks from the company’s CFO that the company will be managing $1 trillion in assets by 2026. The company’s president also said to CNBC’s David Faber that he believes the trade war with China will resolve.
The stock has gained as much as 53% during the trading day. Wednesday, Farfetch raised its target price range to between $17 and $19 a share from its initial target range between $15 and $17 a share. In the IPO, the company sold 33.6 million Class A shares while existing shareholders sold 10.6 million shares.
Shares traded up 44% to $28.72 from Farfetch’s initial offering price of $20. Wednesday, the company raised its target price range to between $17 and $19 a share from its initial target range of $15 to $17 a share. Farfetch is offering 33.6 million of its Class A ordinary shares while certain shareholders are selling 10.6 million shares.
The founder of online luxury goods hub Farfetch Ltd. has bagged a billion-dollar fortune. Shares in the London-based company rose to as much as $30.34 on Friday after the company’s initial public offering in New York the previous day. Jose Neves, 44, owns 14.8 percent of Farfetch, according to the company’s IPO prospectus, valuing his stake at as much as $1.3 billion.
Shares of Farfetch Ltd. soared in their public debut in the U.S. Friday, trading as much as 39% above its initial public offering price in the open minutes. The first trade for the U.K. luxury-clothing maker's stock was at $27.00, or 35% above the $20 IPO price, at 11:27 a.m. ET for 5.4 million shares. The stock has traded in a range of $27.00 to $28.00 since. The company sold 44.2 million shares to raise $884 mililon in the IPO, which is trading on the NYSE under the ticker symbol "FTCH." The stock went public at a time that the Renaissance IPO ETF has gained 0.6% over the past three months and the S&P 500 has advanced 6.8%.
U.K. luxury-clothing marketplace Farfetch Ltd. priced its initial public offering at $20 a share, above its price range of $17 to $19. The company sold 44.2 million shares to raise $884 million. Shares will start trading later Friday on the New York Stock Exchange under the ticker symbol "FTCH." No fewer than nine banks worked as underwriters on the deal, led by Goldman Sachs, JPMorgan, Allen & Co. and UBS.
Farfetch Ltd., which sells luxury clothing online, sold shares above its marketed range in a U.S. initial public offering that raised $885 million. The London-based company said Thursday in a statement that it and an existing shareholder sold a combined total of 44.2 million shares for $20 each. Farfetch had marketed the shares for $17 to $19 each.
Luxury clothing marketplace Farfetch Ltd. caught the eye of investors in its public market debut. Farfetch and an existing stockholder sold 44.2 million shares Thursday at $20 each, topping the marketed range of $17 to $19, to raise $885 million. The stock closed up 42 percent to $28.45, giving the company a market value of $8.2 billion.
Farfetch Limited , a leading technology platform for the global luxury fashion industry, announced today the pricing of its initial public offering of 44,243,749 Class A ordinary shares, 33,609,891 of which are being offered by Farfetch and 10,633,858 of which are being offered by certain selling shareholders, at a public offering price of $20.00 per share.