Farfetch files for IPO
21 Aug 2018
Farfetch Limited has confirmed its plans to go public in an F-1 form filed with the US Securities and Exchange Commission (SEC). The company aims to list on the New York Stock Exchange under the ticker FTCH. Rumors about the e-tailer going public have been around for quite some time.
Founded in 2007 in the UK, Farfetch is a luxury marketplace selling more than 600 brands in over 190 countries. According to the F-1 form, the company had approximately 1 million active consumers in December 2017.
The decision to go public is the latest in a series of ambitious steps. Last month, the company purchased Chinese digital marketing agency CuriosityChina, with the aim to expand in the region. Earlier this year, Farfetch also set its foot in the Middle East and launched a startup accelerator program called ‘Dream Assembly’.