a.k.a. Brands Holding Corp, a fashion brands platform provider, has filed Amendment No 4 to Form S-1 Registration Statement on September 21, 2021 with the U.S. Securities and Exchange Commission to decrease the proposed IPO size to $120 million, previously filed to raised $250 million.
The company now plans to raise $120 million by offering 10 million shares at the price range of $11 to $13. The company previously planned to raise $250 million by offering 13.9 million shares at a price range of $17 to $19. Assuming a successful IPO at the midpoint of the proposed range, the company expects a market capitalization of $1.1 billion.
The company is a portfolio of fashion brands built for the next generation of consumers. They target high-potential brands that are at a pivotal point in the brand’s growth trajectory that they can integrate into their platform.
The San Francisco, California-based company was founded in 2018 and booked $352 million in sales for the 12 months ended June 30, 2021. It plans to list on the NYSE under the symbol “AKA.” BofA Securities, Credit Suisse, Jefferies, Wells Fargo Securities, KeyBanc Capital Markets, Cowen, Piper Sandler, and Truist Securities are underwriters of the IPO.
The company engages Kirkland & Ellis LLP as US Securities Counsel, and PricewaterhouseCoopers as Independent Auditor.
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