Thursday, May 15, 2014
JustFab Seeking IPO, $100M Investment
Los Angeles-based online apparel and shoe company JustFab is eyeing a possible IPO, and also is in the midst of raising between $50 to $100M, according to a report. According to the report, from Re/Code, the company has hired Morgan Stanley as an advisor. JustFab has previously said it is expecting to generate around $400M in sales in 2014. JustFab is led by Adam Goldenberg, and is a spinout of Intelligent Beauty.