Business

Saks e-commerce unit looks to go public at valuation near $6 billion

The fast-growing e-commerce enterprise of luxurious retailer Saks Fifth Avenue is aiming to go public quickly at a valuation roughly triple what it was pegged at earlier this yr, in an indication of the growth instances for on-line department-store gross sales.

Saks is interviewing potential underwriters this week for an preliminary public providing that might happen within the first half of 2022 and targets a valuation of round $6 billion, individuals aware of the matter stated. It was final valued at $2 billion in March.

https://www.marketwatch.com/story/saks-e-commerce-unit-looks-to-go-public-at-valuation-near-6-billion-11634513281?rss=1&siteid=rss | Saks e-commerce unit appears to be like to go public at valuation close to $6 billion

snopx

Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@interreviewed.com. The content will be deleted within 24 hours.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

2 × 1 =

Back to top button