Currently in the midst of raising fresh funds to prelude a potential offering.
Skims
Kim Kardashian appears to be chasing an IPO with her mega influencer shapewear brand SKIMS. The brand is reportedly in the middle of a fundraising round from mutual funds and family offices that will value the fast-growing business to $4 billion USD.
According to WWD, the round has not closed just yet and is currently for a pre-IPO fundraise that will give the company an edge for a potential offering in the next six to 12 months. In January 2022, SKIMS raised $240 million USD in a Series B fundraising to increase the company’s valuation to $3.2 billion USD. From round to round, SKIMS valuation continues to climb at a higher pace than Wall Street had predicted. Currently, the brand is on-track to becoming a $1 billion USD company with a growth rate of 100% by this year.
SKIMS is only a four-year-old business and sees the founding reality star at the forefront of most campaigns. In the past, the casual wear brand has also tapped the likes of Snoop Dogg and other big names to be a part of their brand’s campaigns. At the rate of the brand’s continued growth, the brand is slated to bring in a new audience from Wall Street.
SKIMS nor Kim Kardashian has commented on the IPO just yet.