Skims IPO

Summary*

Skims, founded in 2019 and based in Los Angeles, California, is a solutions-oriented brand offering technically constructed shapewear and underwear. The company, co-founded by Kim Kardashian, has quickly gained popularity in the apparel industry, particularly in the e-commerce space.

Since its inception, Skims has experienced rapid growth and attracted significant investor interest. The company has successfully raised over $723 million through multiple funding rounds, with its latest Series C round in July 2023 valuing the company at $4 billion. This impressive valuation represents a substantial increase from its $1.6 billion valuation in 2021, highlighting the company's strong market position and growth potential.

Despite its success, recent reports suggest that Skims may not be pursuing an initial public offering (IPO) in the near future. The current market conditions and the overall slowdown in the IPO landscape for venture-backed tech companies in 2024 may be contributing factors to this decision. While there have been rumors and speculation about a potential Skims IPO, the company has not made any official announcements regarding its plans to go public.

Several factors could influence Skims' IPO prospects, including market volatility, investor appetite for new offerings, and the company's own strategic priorities. As a privately held company, Skims may choose to focus on continued growth and expansion before considering a public listing.

While the possibility of a Skims IPO remains uncertain, investors and industry observers continue to closely monitor the company's progress. As the market conditions evolve and the company's growth trajectory unfolds, Skims' potential for going public may become clearer in the future.

How to invest in Skims

While Skims' IPO prospects remain uncertain, investors eager to gain exposure to the rapidly growing shapewear and loungewear market don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, potentially allowing you to benefit from the growth of innovative fashion and lifestyle brands before they go public. Our platform provides opportunities to diversify your portfolio with lower minimum investments in emerging industry leaders like Skims, helping you stay ahead in the dynamic world of fashion and retail investments.

Sources

*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.