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Saks Fifth Avenue ecommerce unit aims for IPO at $6 billion valuation



© Reuters. FILE PHOTO: A Saks Fifth Avenue is pictured in the course of the unfold of the coronavirus illness (COVID-19) within the Manhattan borough of New York Metropolis, New York, U.S., October 19, 2020. REUTERS/Carlo Allegri

(Reuters) – The ecommerce enterprise of luxurious division retailer Saks Fifth Avenue is making ready for an preliminary public providing and concentrating on a $6 billion valuation, the Wall Avenue Journal reported Sunday, citing sources.

The corporate is interviewing potential underwriters this week for an IPO that would happen within the first half of subsequent 12 months, in keeping with the report.

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