Michael Kors Holdings Ltd., which expects to go public Thursday, is oversubscribed, according to bankers involved in the deal. The banks managing the sale of the stock stopped taking orders on Tuesday afternoon. The IPO price, which is expected to be between $17 and $19, will be set Wednesday night.
Sources said the offering was over subscribed by up to 10 times. Kors planned to offer about 42 million shares with another 6 million in reserve depending on demand.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"