Michael Kors Holdings IPO stock ticker symbol

Michael Kors Holdings IPO stock ticker symbol : Michael Kors Holding Ltd., the luxury-clothing company that specializes in classic Americana sportswear and accessories, has unveiled its initial public offering, valued at $3.63 billion.

The Hong Kong-based company, which is led by chief creative officer Mr. Michael Kors, is seeking to raise as much as $792.3 million, reports Bloomberg. Kors leads the New York-based team responsible for the line's products.

The offering is 41.7 million shares set at a price range between $17 and $19 per share. The company will trade on the New York Stock Exchange under the ticker symbol "KORS."

All shares in the IPO will come from current investors, including Michael Kors himself, Sportswear Holdings and chief executive John D. Idol. The company will not receive any proceeds from the IPO, which is scheduled to price on Dec. 14. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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