7 Things to Know About Farfetch’s Buzzy IPO: A Jing Daily Luxury Analysis
Farfetch’s initial public offering is the biggest potential disruptor in the luxury online retail world in years, here is Jing Daily's take on it.
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- Updated: Farfetch has sharply increased the size of its IPO. It now plans to raise 796 million by offering 44.2 million shares at 17 to 19 per share. Luxury titan Groupe Artemis plans to purchase up to 50 million of the IPO and JD.com, already a stakeholder, will invest 25 million in a private placement.
- Farfetch customers are growing at a furious rate…
- But those numbers are downright tiny compared to Amazon and Alibaba’s market penetration.
- Emerging markets, China, in particular, are key to Farfetch’s success.
- Farfetch is reliant on the one percent, literally.
- Many of Farfetch’s business relationships are particularly valuable because they are exclusive.
- For good or ill, Farfetch’s current CEO and founder Jose Neves will retain voting control of the company.
- And, it still hasn’t made a profit.
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