Farfetch will have completed its initial public offering on the New York stock exchange. It could be valued up to $4.8 billion.
The family holding that controls Kering group, Atermis, is planning to invest $50 million, according to documents filed by Farfetch to the US Securities and Exchange Commission earlier this month.
Farfetch’s initial valuation is already much higher than Amazons was. Amazon became the second company in history to reach the $1 trillion mark after Apple.
People are buying Farfetch shares with the hopes that it can outgrow Amazon. Amazon also have plans to branch into the luxury and fashion market.
