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On listing on AIM in March I concluded on online womenswear group In The Style (ITS), listing at the “top of the valuation range” price was 200p per share, to capitalise the group at £105 million. With that and concern on the sustainability of recent performance; the noted selling shareholders having likewise and hence their selling now?, I certainly currently avoid. I concluded similarly cautiously more recently with the shares at 226p. Today an AGM trading update – and the shares currently down to 165p!
Self-styled “digital womenswear fashion brand with an innovative influencer collaboration model” In The Style (ITS) has announced results for its year ended 31st March 2021 “following the group's successful Admission to the London Stock Exchange's AIM on 15 March 2021”. The shares have currently responded slightly up to 226p, comparing to a 200p per share IPO but also approaching 250p in April.
Writing on the AIM listing last month of group describing itself as “the fast-growing e-commerce womenswear fashion brand with an innovative influencer collaboration model”, In The Style (ITS) I noted, as the shares further rise following the 200p per share listing, how long are they likely to remain ‘in fashion’?. Today a “trading update”...
In The Style Group (ITS), describing itself as “the fast-growing e-commerce womenswear fashion brand with an innovative influencer collaboration model”, is pleased to announce admission to the AIM market with a “significantly oversubscribed” fundraising “priced at the top of the valuation range” and founder & CEO Adam Frisby “really excited for the next chapter of the In The Style journey”. As the shares further rise following the listing, how long are they likely to remain ‘in fashion’?...
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