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Skims Co-Founder Jens Grede Addresses Those IPO Rumors
In a recent interview with WWD, Skims co-founder Jens Grede has finally addressed the persistent rumors surrounding the company’s potential initial public offering (IPO). It appears that the speculation was unfounded, at least for now.
Grede confirmed that no decision has been made regarding an IPO, stating that “we have never made a decision to go public.” While this news may come as a surprise to some investors who had hoped to see Skims make its stock market debut, it’s not entirely unexpected given the company’s recent valuation of $4 billion.
It’s worth noting that Grede did acknowledge the possibility of an IPO in the future. He expressed his desire for the company to “deserve” to be a public entity at some point and emphasized the importance of offering institutional investors the option to sell their shares if they choose to do so. However, he also made it clear that there are no immediate plans to take the company public.
This news may come as a disappointment to some who were eager to invest in Skims or capitalize on its rapid growth. Nevertheless, Grede’s comments should provide a sense of clarity for those who have been following this rumor.
Source: techcrunch.com
