Stitch Fix Hopes to Raise as Much as $100 Million with IPO
Last week Stitch Fix, a try-it-before-you-buy-it women’s apparel subscription box service, filed for an initial public offering of up to $100 million. If approved by the Securities and Exchange Commission, Stitch Fix would be listed on the NASDAQ Global Select Market under the symbol SFIX. Stitch Fix was founded in 2011 by CEO Katrina Lake to revolutionize how women shop for clothes and accessories. Using a combination of data and human judgment, stylists hand-select apparel, shoes and accessories for Stitch Fix customers based on their personal profiles.
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