If Kors does follow Coach's lead in the public markets, the stock could prove a lucrative purchase for investors both over the near and long-term. Coach's shares are up 3. Michael Kors is the clothing line named for the company's founder and chief creative officer.
Already well-known in fashion circles, Michael Kors has achieved an added degree of celebrity by serving as a judge on Project Runway for the last five years. The Michael Kors IPO comes in the middle of a busy week of initial public offerings as companies scramble to file before the end of the year.
Zynga, one of the year's most-anticipated offerings, is expected price its IPO after the bell and begin trading Friday. Kors, his mother and his executives gathered at the NYSE yesterday morning to ring the opening bell in celebration of the company's initial public offering, reports the Financial Times. Updated Wednesday December 14, Bankers managing stock of the sale stopped taking orders yesterday afternoon.
Latest News. Sign up for our free newsletter Sign Up. Photo provided by Capri Holdings Lted. Send this to a friend. Thank you for sharing. Your email has been sent. Starting in the fall of , the firm began outlining a process to position the global luxury brand from trendsetter to category leader through best-in-class execution.
Driven by strong investor demand, the IPO transaction was highly oversubscribed.
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