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Skims cobalt - founder Jens Grede has confirmed that plan for an IPO are on the back burner — for now at least , consort toa young interview with WWD .
TechCrunchreported in Augustthat investor were hoping for the retail favorite , last valued at $ 4 billion , to go public , and the Informationreported that the earliestit could do so would be in the first one-half of 2025 . But verbalize to WWD , Grede clarify the company ’s plans for an IPO .
“ We have never made a decision to go public , ” he severalize the retail store . “ All I ’ve ever said and perhaps that was a mistake , was I said at some breaker point we deserve to be a public troupe . And we have institutional investor , so of course , at some point , we need to declare oneself them optionality , ” he continue . “ But we have long - term investors . They ’re unbelievably supportive of our journeying . And I cogitate as people , both of us would say we are enjoying our clip right now . We might make that place in the future , but that ’s not what I ’m thinking about . ”
In other words , still keep an eye out for that IPO filing .
