The U.S. initial public offering market this year saw activity rise by 50 percent to 160 deals, with the IPOs averaging a 21 percent return.The 2017 IPO market was led by industrials, biotechs and U.S. tech. Renaissance Capital, which tracks the IPO market, expects that 2018 will see an increase in technology IPOs. The tracking firm also predicted that the tech sector could be led by Lyft, Pinterest and Dropbox.The total proceeds raised thus far from U.S. IPOs were $35.6 billion, with the median deal size at $120 million.In the retail and apparel sector, Canada Goose Holdings was among the top 10 performing U.S. IPOs, with a deal size of $253 million and a 109.4 percent return from the IPO in March. The maker of down parkas was backed by private equity firm Bain Capital. Overall, private equity was behind 46 IPOs raising $13.4 billion.Among the worst-performing IPOs was J. Jill, also in March, which raised $152 million. Shares of Jill saw a 42.6 percent decline from its IPO in March. Also on the worst-performing U.S. IPOs list was YogaWorks, which went public in August. YogaWorks is a collection of yoga studios that also sell apparel.Venture capital-backed IPOs totaled 61, or 38 percent of the year’s total. Activity was driven by a still active biotech sector, as well as a pickup in technology. Snap and Blue Apron, among the four largest VC-backed IPOs, ended the year below issue.The tracking firm said there are 61 IPOs publicly on file looking to raise a combined $20 billion. There maybe a few more who took advantage of confidential review, a process that the Securities and Exchange Commission earlier this year opened to large filers. One of those firms hoping to go public next year is Hudson, the operator of airport concessions and duty-free shops, which is hoping to raise $400 million.Among the largest private firms that have signaled an intention to list in 2018, and likely would headline IPO activity in the technology sector, are subscription-based music streaming service Spotify, pinboard-style social photo sharing web site Pinterest, on-demand transportation app Lyft and web-based cloud storage provider Dropbox.
Leading luxury brand are shaking things up to keep up with streetwear. Case in point: the arrival of @mrkimjones as artistic director of @diorhomme. Jones, who succeeds @Kris_Van_Assche, is seen as one of the handful of designers who can actually straddle the luxury and streetwear worlds — which could lead to even more changes at established brands. What could this mean for the rest of the menswear landscape? Head to WWD.com to find out what experts predict #wwdfashion (📷: @franckmura)
“It’s like buying groceries. You’re going to buy the best mango, the best mozzarella, the best things. You have to, or others are going to take it all,” said @gabrielahearst on why she uses only the finest fabrics. Last week, Hearst received her first @cfda nomination for Womenswear Designer of the Year, and earlier this month she opened a permanent showroom in Paris. To read @jessiredale’s interview with the designer and find out why this is shaping up to be a big year for her, head to WWD.com. #wwdfashion (📷: @francoisgoize)
“It’s an interesting thing, playing a younger version of your mother. It’s an interesting concept. I adore my mom and love her in every capacity, but it was just something that had never crossed my mind,” says @anniemstarke on playing a young Joan Castleman in “The Wife.” The same role will be played by her mother Glenn Close. Read more about her growing up in the film industry as the daughter of producer John H. Starke and Close and what she has planned for the future #wwdeye (📷: @nataliamantini)
@asics is launching a new streetwear sneaker inspired by its latest ambassador, @steveaoki. The Hyper-Kenzen x Aoki, which will launch at @footlocker stores exclusively tomorrow, is a slip-on style that incorporates the brand’s proprietary Gel technology through beads integrated into the midsole for comfort and endurance. Read the full story on WWD.com.
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion