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Farfetch CEO mulls IPO in ‘two or three years’

Farfetch chief executive José Neves has said a floatation may take place in the next two to three years once a phase of high investment is completed.

The platform, which was valued at around $1.5bn (£1.2bn) in a fundraising round this year, may list in London, New York or Hong Kong. However, he said the firm was not planning on floating as early as the end of next year.

“We could start considering it in two to three years but not now as we are still in an intense investment phase,” Neves told Reuters. “It will be the next major financial milestone for the company.”

Last year, Neves told Drapers of his intention to float as “the next milestone for the business”.

Drapers has contacted Farfetch for comment.

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