Stitch Fix (SFIX) IPO Opens 13% Higher

Today's IPO for Stitch Fix, Inc. (NASDAQ: SFIX) opened for trading at $16.90 after pricing 8,000,000 shares of its Class A common stock at a price to the public of $15 per share.

Stitch Fix has granted the underwriters a 30-day option to purchase up to 1,200,000 additional Class A common shares at the initial public offering price less underwriting discounts and commissions.

Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as lead joint book-running managers for the offering, Barclays Capital Inc. and RBC Capital Markets, LLC are acting as book-running managers for the offering and Piper Jaffray & Co., Stifel, Nicolaus & Company, Incorporated and William Blair & Company, L.L.C. are acting as co-managers for the offering.

Stitch Fix is reinventing the shopping experience by delivering one-to-one personalization to our clients, through the combination of data science and human judgment. Stitch Fix was founded in 2011 by CEO and Founder, Katrina Lake, and employs more than 5,800 employees nationwide. Since our founding in 2011, we've helped millions of men and women discover and buy what they love through personalized shipments of apparel, shoes and accessories, hand-selected by Stitch Fix stylists and delivered to our client's homes.

You May Also Be Interested In