Pinho, Paulo Soares dePereira, Ana Sofia Terlica2025-02-272025-02-272024-11-282024-11-28http://hdl.handle.net/10362/179932This case examines Farfetch's evolution from 2007 inception to February 2021, with a focus on its 2018 IPO and subsequent key strategic acquisitions. Establishing as a technology company in the luxury fashion sector, Farfetch capitalized on its marketplace and innovative solutions. While the IPO was considered successful, it was significantly underpriced, and the dual class share structure raised governance concerns. Following the IPO, Farfetch implemented an acquisition-driven strategy, challenging the sustainability of its business model, reinforced by high goodwill. Despite these issues and continued negative earnings, Farfetch showcased robust revenue growth in 2020, sustaining investor confidence in its long-term prospects.engInitial public offeringDual class structureValuationGrowth firmsmaster thesis203867947