This isn’t the first time Farfetch’s stock has fallen, with the acquisition of New Guards Group for $675 million USD leading to a near 40% fall, going from $18.25 USD per share to $10.10 USD in just under an hour and 20 minutes. Speaking to WWD at the time of this stock fall, founder José Neves said “I will not comment on stock prices. I never do. Our job is to remain focused on executing a very exciting strategy and opportunity.”
When Farfetch first announced that it could file for IPO registration, it was said that the company had a chance to be valued at $5 billion USD, with the company reaching $4.8 billion USD on its opening.