Back in July, when the IPO rumors started floating, a source told FashInvest that going public could be an effort to expand the number of Vince storefronts. The brand currently has 21 non-outlet stores in the U.S. and recently opened its New York flagship on Mercer Street in SoHo.
As of now, there’s no official word on how many shares will be offered and for how much. But for a benchmark, the gangbusters Michael Kors IPO back in March went public at $25 a share, putting the designer on the track to become a fashion billionaire.
Vince is part of Kellwood Company portfolio, which also runs Rebecca Taylor, David Meister, and XOXO. Under the IPO filing, Vince’s shares will trade under the name “VNCE,” which actually sounds like a pretty downtown-cool fashion label name in itself.