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.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim