Company
Sydney, NSW
Every investor coverage indicates participated in a round SurfStitch raised.
The transaction that ended SurfStitch's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| - | IPO | last December | - | Online Brands Group portfolio (undated), Online Brands Group portfolio (undated) |
Companies SurfStitch acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming SurfStitch. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Reuters reports Australian online fashion retailer SurfStitch is preparing to float on the Sydney exchange, with a prospectus planned, an unnamed source says — roughly triple what Billabong fetched when it was sold months before.
SurfStitch listed on the ASX after buying Billabong's stake and Swell.com for about $35m and Quiksilver's Surfdome for $45m; its IPO and pre-IPO raising drew several prominent fund managers.
SurfStitch raised $50 million to fund its $23.7 million purchase of Surf Hardware International, pushing its market value past Billabong's. The Sydney-born retailer listed the prior December at $214 million.