a public affair
Michael Kors Goes Public on December 15
As Michael Kors continues to woo investors, more details on his IPO were released today. Shares will be priced next Wednesday, a day before their sale — they're predicted to be listed at $17 to $19 each. Kors's company expects to sell up to 48 million shares, that figure broken down into 41.7 million put immediately up for sale, with a further 6.3 million available if demand persists. That's a potential profit of over $3.6 billion for Michael Kors Holdings Ltd., and perhaps an incentive for other American brands to follow in Michael's footsteps.
