Finance: Stitch Fix spikes more than 17% after IPOing (SFIX)

Stitch Fix began trading under the SFIX ticker on Friday and initially priced its shares at $15 each.

• Stitch Fix began trading under the ticker "SFIX" on Friday.
• The company priced its shares at $15 apiece, and is now trading up 16.4% at $17.46.
• Stitch Fix is a personalized fashion service that sends a box of clothing picked for the customer by a personal stylist. Customers can order a box on demand, or on a fixed schedule.
• It has been profitable in each of the last two years and expects to bring in $1 billion in revenue in 2017.
• The service boasts 2.2 million active clients.

Read more about the company's IPO here.

SOURCE - PULSE.NG posted by Campus94