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.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)