Michael Kors announced today that his company is going public, with plans to list up to 48 million shares on the New York Stock Exchange. The firm has been quietly raising money from private investors since this past summer, and is currently looking at a total valuation of up to $3.62 billion. If that's not impressive enough, then take a look at the IPO's underwriters: Goldman Sachs, Morgan Stanley, and J.P. Morgan, just to name a few. (Obviously, he's also nailed down the ticker name KORS, because that's how he rolls.) Although the IPO's exact timing has yet to be determined, next week Kors will begin a road show to woo potential investors, starting at the Pierre Hotel in New York. This IPO is a big deal because it's the first one in years by a U.S. apparel firm; it's expected to pave the way for other popular American brands like Tory Burch to do the same.
Most Viewed Stories
Surprise! Good Things Can Come From Awkward, Weird Sex
The Man Deciding Whether to Cheat on His Sexless Relationship
Ask Polly: How Do I Help My Selfish, Depressed Friend?
Big Bad Rent Boys, Sad Little Call Girls, and the Language of Sex Work
Thank You, Nicki Minaj
Miley Cyrus’s VMAs Outfits, Ranked From Bad to Worse
Justin Bieber’s New Song: One Small Step for Mankind?
Everything We’ve Heard From Witnesses in the St. Paul’s Rape Case
Celebrate Your Relationship’s End With a Divorce Selfie
Why We’re Treating Parenting Like Shift Work
From Our Partners
Fabulous Find of the Week: H&M Marble Print Skirt
The Art of Loving and Losing Female Friends
Sean Penn Is Adopting Charlize Theron's Son
You Should Be Sleeping With Your Hair In A Bun–Here’s Why
powered by PubExchange
The Cut’s Latest Fashion FeaturesReport: Natalie Massenet Is Leaving Net-a-Porter
The company is set to merge with Yoox.Street-Style Photogs Have Become Media Companies
They're no longer dependent on outside entities to bolster their careers.See a High-Fashion Take on High School
The eclectic tastes of teenagers, as filtered through Vuitton and Saint Laurent.Forget Squads — Carrie Brownstein Has a Coven
"We're all over 40."Janet Jackson Is Ready for Her Comeback
It includes gold chains, Missy Elliott, and a six-month world tour.Givenchy Makes the Ultimate Populist Move
Its upcoming show in New York will be open to the public.Meet the Bridal Designer Who Knows What Millennials Want
Katharine Polk of Houghton discusses her female icons and the '90s references that inspire her designs.Hillary Clinton Is Winning the Fashion Schmoozing Race
By a landslide.Shopping Up-and-Coming Designers Just Got Easier
Plan de Ville is expanding into ready-to-wear this fall.Kanye Outfitted Fetty Wap for CR Men’s Book
He's like, "Hey, what's up, hello?"
Even when she's wearing a bathrobe.Over-the-Top Dress Codes Are Making a Triumphant Return
Better get your "fantasy evening attire" on deck.A Conversation With Amy Odell on Fashion, Writing, and How the Internet Has Changed
The veteran Cut editor is publishing her first book.
A spangly, naked top-ten list.The Best, Worst, and Craziest Looks on the VMAs Red Carpet
From Miley Cyrus to FKA Twigs.50 Years of Fashion’s Sexiest Calendar (NSFW)
A look back at the Pirelli Calendar.Dakota Johnson and Liv Tyler Partied Together
Plus: Kendall Jenner, Jenna Lyons, Owen Wilson, and more in this week's roundup.14 Ways to Wrap a Scarf Around Your Head
Without looking like you just escaped Grey Gardens.See Women in Longchamp Eat French Food
In the brand's new campaign video.Tyga Accessorized With a Fat Stack of Hundreds