• Farfetch Files for IPO on New York Stock Exchange

    1 month ago - By Fortune

    Farfetch, the luxury online marketplace, on Monday filed to list its shares on the New York Stock Exchange, betting it will be more appealing to investors as a tech company than as a Website serving the tumultuous retail industry.
    Farfetch said in its initial public offering prospectus filed on Monday that in fiscal 2017, its revenue rose 59% to $385 million, with an after-tax loss of $112,275, a deeper loss than the $81,459 of a year earlier. The London-based company had 935,772 active customers as of December 31, 2017, up 43.6% in a year.
    Despite the relatively small size of the...
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