Personal Shopping Service Stitch Fix Raises $120 Million in IPO

San Francisco – November 21, 2017  Cooley advised Stitch Fix on its $120 million initial public offering of 8,000,000 shares of Class A common stock. The underwriters have a 30-day option to purchase up to 1,200,000 additional shares. Cooley partners Jodie Bourdet, Dave Peinsipp and Siana Lowrey led the team advising Stitch Fix.

Goldman Sachs & Co. and J.P. Morgan Securities acted as lead joint book-running managers for the offering, Barclays Capital and RBC Capital Markets acted as book-running managers for the offering and Piper Jaffray & Co., Stifel Nicolaus & Co. and William Blair & Co. acted as co-managers for the offering.

Stitch Fix is reinventing the shopping experience by delivering one-to-one personalization to its clients through the combination of data science and human judgment. Founded in 2011 by CEO Katrina Lake, Stitch Fix now employs more than 5,800 people nationwide. The company now trades on The Nasdaq Global Select Market under the symbol “SFIX.”

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Related Contacts
Jodie Bourdet Partner, San Francisco
David Peinsipp Partner, San Francisco
Siana Lowrey Partner, San Francisco
Peter Mandel Associate, San Francisco
Marleina Paz Associate, San Francisco
Nicole Adamson Duda Associate, San Francisco
Jacob B. Hanna Associate, San Francisco
Barbara Mirza Partner, Los Angeles
Kim Merritt Paralegal Specialist, San Francisco
Mark Windfeld-Hansen Partner, Palo Alto
Susan Cooper Philpot Retired Partner, San Francisco