Fashion a couple of months ago Share Tweet Pin Share Last month, luxury marketplace Farfetch took the necessary steps to file for an IPO on the New York Stock Exchange, debuting today at $27 USD per share. Trading under the acronym FTCH, the UK-based company enjoys an approximate market cap of $5.8 billion USD and saw strong activity on its first day of trading, soaring to a high of $30.58 USD per share — it currently sits at $28.20 USD at time of writing. Though initial reports noted that the company may miss its desired $5 billion USD valuation, the strong trading has situated Farfetch at an estimated valuation approaching $4.8 billion USD. With nearly 1 million active consumers — approximately 935,772 — as of December 31 2017, Farfetch has grown its userbase by nearly 44 percent in a single year. Last year it raked in revenues of $386 million USD, another strong gain, up 59.4 percent from 2016. Elsewhere, StockX garnered a tidy $44 million USD in Series B funding.