Farfetch Debuts IPO With Market Cap of $5.8 Billion USD

Last month, luxury marketplace Farfetch took the necessary steps to file for an IPO on the New York Stock Exchange, debuting today at $27 USD per share. Trading under the acronym FTCH, the UK-based company enjoys an approximate market cap of $5.8 billion USD and saw strong activity on its first day of trading, soaring to a high of $30.58 USD per share -- it currently sits at $28.20 USD at time of writing. Though initial reports noted that the company may miss its desired $5 billion USD valuation...