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 story : A.k.a. Brands sets IPO terms, to raise up to 3.9 million #FinanceUSA #StockMarketNEWS A.k.a. Brands Holding Corp. has set terms for its initial public offering Monday, in which the California-based

@stockMarketNEWS 15 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

A.k.a. Brands sets IPO terms, to raise up to 3.9 million #FinanceUSA #StockMarketNEWS
A.k.a. Brands Holding Corp. has set terms for its initial public offering Monday, in which the California-based fashion company with a focus on Millennial and Gen Z consumers could be valued at up to .46 billion. The company said is looking to raise up to 3.9 million, as it is offering 13.89 million shares in the IPO, which is expected to price between and a share. The stock is expected to list on the NYSE under the ticker symbol "AKA." There is expected to be 129.59 million shares outstanding after the IPO. BofA Securities, Credit Suisse and Jefferies are the lead underwriters. The company recorded net income of .8 million on revenue of 5.9 million in 2020, after income of .4 million on revenue of 2.4 million in 2019. A.k.a. Brands is looking to go public at a time that the Renaissance IPO ETF has advanced 8.3% over the past three months while the S&P 500 has gained 5.0%.


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