Farfetch Ltd (NYSE:FTCH) shares were halted Monday morning and were trading lower after Coupang Inc (NYSE:CPNG) revealed its intention to acquire the company.
Coupang says their acquisition of Farfetch positions them as a significant player in the $400 billion luxury goods market by combining Coupang's operational strength with Farfetch's luxury expertise.
The move also grants Farfetch access to $500 million in capital, fostering technological advancements and broader market expansion.
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Farfetch shares in late November saw volatility after the company said it would not announce third-quarter results.
The company at the time said they were refraining from providing forecasts or guidance, cautioning against relying on previously given estimates.
According to data from Benzinga Pro, FTCH has a 52-week high of $8.02 and a 52-week low of $0.53.
Coupang Inc(NYSE:CPNG)が同社の買収を意図し、Farfetch Ltd(NYSE:FTCH)の株式が月曜日の午前中に一時停止し、その後下落しました。
Coupangによると、Farfetchの買収により、Coupangの運営力とFarfetchの高級品専門知識が結集し、4000億ドルの高級品市場で重要なプレイヤーとしての地位を築くことができます。
この動きにより、Farfetchは5億ドルの資本にアクセスし、技術的な進歩と市場の拡大を促進することができます。
参照:S&P 500 Likely To'Test The 5,000 Level': JP Morgan On Where To Allocate In 2024
Farfetchの株価は11月下旬に変動し、同社が第3四半期の結果を発表しないと述べた後です。
当時、同社は予測やガイダンスの提供を控え、以前に提示された見積もりに依存しないよう警告していました。
Benzinga Proのデータによると、FTCHの52週間の高値は8.02ドル、安値は0.53ドルです。