London-based luxury online marketplace Farfetch expects to raise approximately $446.5 million in the company’s initial public offering, according to an updated regulatory filing.
The company plans to sell 30 million shares at projected price range between $15 and $17.
Farfetch intend to use the net proceeds from this offering and a concurrent private placement for working capital, to fund growth and other general corporate purposes, including possible acquisitions.
Farfetch filed for an IPO on August 20, but the filing did not disclose the number of shares being sold or the projected offering price. The company plans to list on the New York Stock Exchange under the ticker FTCH.
