Singer & fashion-entrepreneur Rihanna is reportedly working with Goldman Sachs & Morgan Stanley to take her lingerie company public.
Savage X Fenty, which launched in 2018, makes up over 80% of Rihanna’s wealth according to Forbes figures. The company would be valued at $3 billion in the potential IPO, which could happen as early as this year.
Savage X Fenty recently raised $125 million & has received total funding of $310 million since launch. The company didn’t disclose its valuation.