Fashion Kate Hudson’s Fabletics Sets Sights on an IPO Staff Editor July 16, 2021 Share on Facebook Share on Twitter Share via Email Subscribe Now Log in Kate Hudson’s apparel brand Fabletics, is in the process of securing a bank for an IPO. According to a recent article in the WSJ, the workout-clothing company could be valued upward of $5 billion. Fabletics was founded in 2013 by Adam Goldenberg and Don Ressler and is owned by TechStyle Fashion Group. The brand aims to fill a void in the market between high-end brands such as Lululemon and less expensive brands. The Group has selected Morgan Stanley, Goldman Sachs Group Inc., Barclays Plc and Bank of America Corp. for the IPO. Fabletics would be one more emerging consumer-focused brand entering a hot IPO market. Other recent IPO’s include the healthcare apparel startup Figs Inc. Figs, which specialized in better fitting scrubs, began trading less than two months ago and has a roughly $6 billion valuation. The stock has remained above its IPO price even after shares tumbled.Kate Hudson’s apparel brand Fabletics, is in the process of securing a bank for an IPO. According to a recent... Membership Required You’ve reached your 3-article monthly limit. Subscribe to ATN Pro for unlimited access to industry-leading coverage, insights, and analysis shaping the future of fitness and wellness. ATN Pro members get: Unlimited access to Athletech News articles Exclusive access to ATN Pro-level reporting Discounts to ATN the Innovation Summit VIP access to community events Exclusive email newsletters Subscribe Now Already a member? Log in Already a member? Log in here Tags: Fabletics Figs IPO Kate Hudson
