Farfetch Limited (FTCH) IPO Opens 35% Higher

Today's IPO for Farfetch Limited (NYSE: FTCH) opened for trading at $27 after pricing 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.

The underwriters of the offering will also have a 30-day option to purchase up to an additional 6,636,562 Class A ordinary shares from Farfetch at the initial public offering price.

The closing of the offering is expected to occur on September 25, 2018, subject to satisfaction of customary closing conditions.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Allen & Company LLC and UBS Securities LLC are acting as joint lead book-running managers for the proposed offering. Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC are acting as joint bookrunners for the proposed offering. Cowen and Company, LLC and BNP Paribas Securities Corp. are acting as co-managers for the offering.

Farfetch is the the leading global technology platform for the luxury fashion industry.

You May Also Be Interested In

• Bending Spoons opens at $31/share, higher than $29/share IPO price
• Osprey Acquisition Corp. III prices $261M IPO on Nasdaq
• Asia AI Group files for 10M share Nasdaq IPO at $5 per share