Stitch Fix spikes more than 17% after IPOing

source
Facebook/Stitch Fix

  • Stitch Fix began trading under the ticker “SFIX” on Friday.
  • The company priced its shares at $15 apiece, and is now trading up 16.4% at $17.46.
  • Stitch Fix is a personalized fashion service that sends a box of clothing picked for the customer by a personal stylist. Customers can order a box on demand, or on a fixed schedule.
  • It has been profitable in each of the last two years and expects to bring in $1 billion in revenue in 2017.
  • The service boasts 2.2 million active clients.

Read more about the company’s IPO here.