Savage X Fenty is expected to go public soon. Here's what we know about the IPO — and how to buy Savage X Fenty stock when it's available.
Savage X Fenty—a California-based lingerie company founded by singer and entrepreneur Rihanna in 2018—may go public. In March 2022, Bloomberg reported the company was working with Morgan Stanley and Goldman Sachs on an IPO that could take place this year.
Details of the IPO, such as the exact timing, stock exchange, ticker symbol, size of the offering and expected share price, have not been announced. Savage X Fenty has not yet filed a viewable prospectus with the Securities and Exchange Commission (SEC).
There is speculation that the company, which secured $125 million in funding earlier this year, could be valued as high as $3 billion. Rihanna is believed to own a 30% stake in Savage X Fenty, bringing her overall net worth to approximately $1.7 billion.
We'll update this page when more information available.
Once Savage X Fenty goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy Savage X Fenty stock.
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