Rihanna's Lingerie Company Savage X Fenty Mulls $3 Billion IPO: Bloomberg

Fashion entrepreneur and pop singer Rihanna is working with advisers on taking her lingerie company Savage X Fenty public through an initial offering that could value the Company at $3 billion.
The Company is working with banks like Goldman Sachs Group Inc GS and Morgan Stanley MS to value its worth and gauge demand, people familiar with the matter told Bloomberg.
One of the people said a listing could happen as soon as this year, but Savage X Fenty hasn’t made a final decision on an IPO, and its plans, including the timing, could still change.
The Company raised $125 million in January in a funding round led by Neuberger Berman with participation from previous investors.
Savage X Fenty was launched in 2018. It sells affordable lingerie and underwear for men and women in sizes ranging from extra small to 4XL.
Savage X Fenty has been expanding with its brick-and-mortar stores and now lists five locations on its website, including Culver City, California, and Las Vegas.
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