Farfetch CEO José Neves (right) and Managing Director for Farfetch ‘Store of the Future’ Sandrine Devaux pose for a photo at last year’s FarfecthOS event Farfetch

Luxury goods e-commerce firm Farfetch’s IPO has now raised $885 million through a sale of 44.2 million shares at $20 each, slightly above its $17 to $19 marketed price marking a good IPO for Farfetch whose 44.2 million shares offered came from both the firm and an existing shareholder.

This marks an addition to the list of IPO debuts this week which include Eventbrite, Meituan Dianping and Chinese lender X Financial.

With $386 million in revenue for last year, Farfetch has been growing steadily with time increasing from $242 million in revenue from the previous year marking an over 50% jump as more customers shop at its marketplace.

Farfetch hasn’t yet turned a profit declaring $58 million in losses last year and $53 million for the year before. Prior to a public offering, Farfetch raised $700 million in funding on the private markets from the likes of JD, IDG Capital, Temasek Holdings, Condé Nast, DST Global, Index Ventures, e.ventures and Felix Capital among other notable names. 

Farfetch shares are expected to begin trading this Friday on the NYSE under the FTCH ticker.

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