The American brand Fabletics prepares its IPO

Translated by

Paul Kaplan

Published on

Jul 20, 2021

The sportswear brand, co-founded by actress Kate Hudson, has reportedly called on several banks to help it prepare for its IPO. The company aims for a market valuation above 5 billion dollars (4.2 billion euros)

American brand Fabletics prepares for IPO – Instagram: @fabletics

According to a Wall Street Journal article that cites knowledgeable sources, Fabletics hired Morgan Stanley, Goldman Sachs Group Inc, Barclays Plc and Bank of America Corp. to assist it in its initial public offering.

The US company, controlled by TechStyle Fashion Group, is said to be seeking to raise around $ 500 million (€ 423 million) through its public offering.

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