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Michael Kors Goes Public on December 15

Michael Kors

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.

Photo: Sylvain Gaboury/©Patrick McMullan

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Copyright © 2013, New York Media LLC.
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Copyright © 2013, New York Media LLC. All Rights Reserved.

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