Stitch Fix Raises’ $120 Million Initial Public Offering

Cooley advised Stitch Fix on its $120 million initial public offering of 8,000,000 shares of Class A common stock.

The underwriters have a 30-day option to purchase up to 1,200,000 additional shares.

Goldman Sachs & Co. and J.P. Morgan Securities acted as lead joint book-running managers for the offering, Barclays Capital and RBC Capital Markets acted as book-running managers for the offering and Piper Jaffray & Co., Stifel Nicolaus & Co. and William Blair & Co. acted as co-managers for the offering.

Stitch Fix is reinventing the shopping experience by delivering one-to-one personalization to its clients through the combination of data science and human judgment. Founded in 2011 by CEO Katrina Lake, Stitch Fix now employs more than 5,800 people nationwide. The company now trades on The Nasdaq Global Select Market under the symbol “SFIX.”

Cooley partners Jodie Bourdet (Picture), Dave Peinsipp and Siana Lowrey led the team advising Stitch Fix.

Involved fees earner: Jodie Bourdet – Cooley LLP; David Peinsipp – Cooley LLP; Siana Lowrey – Cooley LLP; Peter Mandel – Cooley LLP; Marleina Paz – Cooley LLP; Nicole Adamson Duda – Cooley LLP; Jacob Hanna – Cooley LLP; Barbara Mirza – Cooley LLP; Mark Windfeld-Hansen – Cooley LLP; Jeremy Naylor – Cooley LLP; Susan Cooper Philpot – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Stitch Fix ;

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Author: Ambrogio Visconti