Stitch Fix has filed to list shares on a public stock exchange, a move that will test investor appetite for e-commerce stocks.
The company, which offers personal online shopping, has seen revenue rise 13-fold since 2014 to $977.1 million this year, the kind of growth that should appeal to investors hungry for new e-commerce stocks, according to a prospectus filed with regulators on Thursday.
And the success of the IPO, if it occurs, will likely affect the prospects of potential listings by other digital-first retailers such as Warby Parker and Rent-the-Runway. Stitch Fix’s operations are profitable, though it posted a small net loss this year after two years of sizable profits, something likely to whet investor interest at a time some similar companies are struggling to make money, hurt by massive investments in market-share developing efforts. Shares in Blue Apron (aprn, -3.92%) have tanked since its IPO earlier this year.
The e-commerce company, founded in 2011, filed its prospectus with the U.S. Securities and Exchange Commission seeking to list its shares on the…