Established in 2008, Farfetch’s indicative IPO range had been set between US$17 and US$19 per share, meaning the Company is currently trading at a higher valuation than platforms such as Amazon and The expanding online platform is home to about 700 independent brands and multi-brand boutiques worldwide, allowing distributors to have broad access to luxury customers and little-known designers to have a vast online storefront. It ships to more than 190 countries.

Farfetch aims to raise US$885 million by issuing 33.6 million new shares. Current shareholders are to dispose of 10.6 million shares. Farfetch’s IPO values ​​the group at US$6.2 billion. Rivals include and Net-a-Porter. In 2017, the global market for personal luxury goods was estimated at about US$307 billion and is expected to reach US$446 billion by 2025.

Sources: Reuters/CNBC