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Recording artist and style mogul Rihanna is reportedly eyeing an preliminary public providing for her lingerie model Savage X Fenty that might worth the corporate at $3B or extra.
Rihanna, who’s actual identify is Robyn Rihanna Fenty, has been working with Goldman Sachs and Morgan Stanley on a doable IPO that might happen as early as this yr, in accordance with Bloomberg.
Bloomberg stated representatives for the banks and Savage X Fenty didn’t speedy reply to requests for remark.
Savage X Fenty reportedly raised $125M in January via a funding spherical led by Neuberger Berman and joined by L Catteron, Avenir Development Capital, Sunley Home Capital Administration and leisure billionaire Jay-Z’s Marcy Enterprise Companions.
Rihanna’s style model Fenty was launched by LMVH in 2019. Her different ventures embody the extremely profitable Fenty Magnificence cosmetics line and a brand new skincare line referred to as Fenty Pores and skin.
For extra IPO information, try SA’s IPO Information web page.
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