The JD.com and Advance Publications-backed fashion e-commerce platform raised more than $670m while its investors sold $212m of shares.
Farfetch, the UK-based fashion e-commerce platform backed by media group Advance Publications and e-commerce firm JD.com, went public on Friday in an initial public offering that raised approximately $885m.
The company issued just over 33.6 million shares on the New York Stock Exchange while its shareholders sold an additional 10.6 million. The shares were priced at $20 each, above the IPO’s $17 to $19 range, giving it a market cap of about $5.8bn.
Founded in 2008, Farfetch operates an…
