Michael Kors desigs a successful IPO

Fashion designer Michael Kors understands what fashion-conscious shoppers desire. Apparently, he knows what investors want, too.

The market clamored for a piece of the designer’s company, Michael Kors Holdings Ltd., in its initial public offering.
It had planned to sell about 41.7 million shares for between $17 and $19 each but priced at $20 last week. The company raised $944 million Wednesday after selling 47.2 million shares in the IPO, valuing the company at $3.8 billion.
more:http://www.sltrib.com/sltrib/money/53126653-79/kors-michael-company-designer.html.csp