Shares of luxury online marketplace Farfetch jump 43 percent in IPO's first minutes of trading
September 21, 2018 at 11:32 AM EDT
With a $6.2 billion valuation and $385 million in 2017 revenue, Farfetch is trading a richer valuation than even Amazon. "Marketplace" companies often trade at a higher premium than traditional retailers because they don't carry the risk of being stuck with unwanted product.