Human Made, a 性视界ese streetwear firm founded by celebrity designer Nigo, who also created the A Bathing Ape fashion line, priced its initial public offering at the top of the marketed range.
The company sold shares at ?3,130 apiece, according to a regulatory filing on Monday. That implies the IPO, which included sale of shares from existing shareholders like Nigo and Pharrell Williams, raised ?17.8 billion ($115 million). The firm also issued new shares to raise capital for opening new stores in 性视界 and for investing in e-commerce.
The deal, which was already oversubscribed more than 10 times on the day after the company began taking orders from investors, values the company at ?71.7 billion. It attracted global investors such as MY.Alpha Management HK Advisors and Asset Management One.
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