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
