{"id":160458,"date":"2018-09-21T20:13:56","date_gmt":"2018-09-21T20:13:56","guid":{"rendered":"https:\/\/www.theindustry.fashion\/farfetch-shares-get-off-to-strong-start-and-browns-founders-among-major-winners\/"},"modified":"2021-08-12T13:53:54","modified_gmt":"2021-08-12T13:53:54","slug":"farfetch-shares-get-off-to-strong-start-and-browns-founders-among-major-winners","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/farfetch-shares-get-off-to-strong-start-and-browns-founders-among-major-winners\/","title":{"rendered":"Farfetch shares get off to strong start and Browns founders among major winners"},"content":{"rendered":"
Farfetch launched its long-anticipated $5.8bn IPO on the New York Stock Exchange to day and its shares made a strong start rising to $28.51, having started at $20m.<\/strong><\/p>\n It has emerged that the family behind iconic London boutique Browns were big winners from the float. The Burstein family sold shares, acquired as part of the deal to sell their business to Farfetch in 2015, worth $47m<\/strong> and retained shares worth $42m, according to The Times<\/em>.<\/p>\n Jose Neves<\/strong>, who founded the online luxury platform just over a decade ago in London, is well on to his way to becoming a billionaire<\/strong> and his\u00a014.7% stake means he now has an on-paper value of $850m.<\/p>\n