London-based luxury online marketplace Farfetch files for IPO

London-based luxury online marketplace Farfetch files for IPO

London-based luxury online marketplace Farfetch files for an IPO and plans to list on the New York Stock Exchange under the ticker FTCH. Sources previously told CNBC the company is aiming for a valuation as high as $5 billion. The global market for personal luxury goods was estimated to be worth $307 billion in 2017, according to the filing, citing Bain. It is expected to reach $446 billion by 2025. London-based luxury online marketplace Farfetch…

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