initial public offerings (IPOs) trading on American exchanges

Friday, September 21, 2018

Farfetch Ltd. (FTCH) began trading on the NYSE on 21 September 2018

Farfetch is an online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world. 

  • Headquarters: London, United Kingdom
  • Founder: José Neves
  • Founded: June 2007
  • Number of employees: 3,000

Shares of Farfetch Ltd. (FTCH) 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."

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