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Three Online Fashion Firms Expected to Test IPO Market Later This Year

Three fashion-related companies are part of a robust backlog in an initial public offering pipeline that are expected to test the public markets in the second half of 2018. More than 50 companies are on the Renaissance Capital watchlist, an IPO tracking firm. The list includes fashion-related firms Farfetch, Meili and Revolve. Farfetch is the global online fashion platform and luxury brands retailer. According to Renaissance’s research data, Farfetch has annual volume around $215 million. Meili is an online fashion retailer in China backed by Tencent. It has estimated volume of $3 billion, while Revolve is an online fashion retailer with more than 500 women’s and men’s brands. Revolve’s estimated volume is $1 billion. One big-name company poised for a July IPO is commercial real estate services firm Cushman & Wakefield, which filed to go public on June 20. The real estate firm is backed by TPG, a private equity firm. Cushman, which is estimated to raise $500 million, is the largest upcoming deal in the IPO pipeline. According to Renaissance, the U.S. IPO market is well-positioned for an active third quarter. “An extended period of strong IPO returns and low market volatility has created a receptive environment for a wide variety of companies

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