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Stitch Fix set to raise $120M from downsized IPO - TechBullets
Stitch Fix set to raise $120M from downsized IPOJon Russell / TechCrunch - 2 years ago
  • There’s been plenty of appetite for Stitch Fix’s upcoming NASDAQ listing, but concern around disappointing listings from Snap and Blue Apron may explain why the fashion e-commerce company has opted to slim down its IPO tomorrow.
  • Stitch Fix stands to raise $120 million after it announced a lower than expected $15 share price and a reduced number of shares on offer.
  • That price comes in below the original guidance range of $18-$20 while the company is now selling eight million shares as opposed to 10 million.
  • The company will join the Nasdaq Friday November 17, where it will trade until “SFIX.”