leadf
logo-loader
viewProactive Group

Stitch Fix to sell 10 mln shares at US!8 to US$20 each as part of IPO

The online clothing company said it is targeting to raise US$190mln at the midpoint of the range

online clothing store
The company plans to list on Nasdaq.

Stitch Fix (NASDAQ:SFIX) has unveiled its IPO plans, saying that it will be selling a total of 10 million shares at between US$18 to US$20 apiece, as part of its Initial Public Offering.

The online personal styling company said it is targeting to raise US$190mln at the midpoint of the range.

Plans for Nasdaq listing

Goldman Sachs, Barclays, Piper Jaffray, J.P. Morgan, RBC, William Blair and Stifel have been appointed underwriters on the deal.

Under the IPO, Stitch Fix proposes a dual-class share structure. Class A holders will have one vote per share, while Class B shares will have 10 votes and the shares are convertible at any time into Class A stock.

The company plans to list on Nasdaq.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Loop Insights getting ready to rumble as platform wallet being used by the...

Loop Insights (CVE: MTRX- OTCQB: RACMF) CEO Rob Anson joined Steve Darling from Proactive with big news that Loop's Wallet pass platform will engage global boxing fans during the WBC super-middleweight championship fight, featuring champion Saul "Canelo" Alvarez and challenger Avni...

23 hours, 33 minutes ago

2 min read