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Skims Co-Founder Jens Grede Addresses Those IPO Rumors
In a recent interview with WWD, Jens Grede, co-founder of Skims, addressed the ongoing speculation surrounding a potential initial public offering (IPO) for the retail company. According to the article, Grede confirmed that there has been no decision made to go public at this time.
Grede explained that he had previously mentioned that Skims could potentially become a publicly traded company in the future, but emphasized that these statements were not indicative of any immediate plans. Instead, he highlighted the support from institutional investors and expressed his own desire to enjoy the current moment without rushing into an IPO.
The comments come after previous reports suggested that Skims was considering going public, with some sources even placing a potential filing in the first half of 2025. However, it appears that these rumors have been largely put to rest by Grede’s statements.
Skims has enjoyed significant success in recent years, with a valuation of $4 billion as reported earlier this year. Despite the company’s rapid growth and potential for further expansion, it seems that an IPO is not currently on the horizon.
Source: techcrunch.com
