Quick Take
Madewell (MDWL) has filed to raise gross proceeds of up to $100 million from a U.S. IPO, according to an S-1 registration statement.
The firm designs, produces and markets denim jeans, clothing and other denim related items primarily direct to consumers [DTC].
MDWL is growing only moderately and inching its way to net breakeven while using a lot of cash in the current period.
I’ll provide an opinion when we learn management’s assumptions on pricing and valuation.
Company & Technology
Long Island City, New York-based Madewell was owned by J.Crew