For any British company, the risk of listing in New York is that you become irrelevant. For luxury marketplace Farfetch Ltd., this worked in management’s favor.

Without the intense scrutiny of its home market and with US investors more concerned with homegrown companies, Farfetch’s controlling shareholder, founder, Chairman and Chief Executive Officer Jose Neves managed to avoid the public relations storm he would likely have encountered with a London listing. He diversified away from the company’s core business of connecting boutiques with luxury buyers, saddling it with $1.6 billion of borrowings in the process.

QOSHE - Farfetch Fall Raises Questions Over Where to IPO - Andrea Felsted
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Farfetch Fall Raises Questions Over Where to IPO

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18.12.2023

For any British company, the risk of listing in New York is that you become irrelevant. For luxury marketplace Farfetch Ltd., this worked in management’s........

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