SoftBank-Backed Kids Clothing Site PatPat Weighing IPO, Sources Say
- Patpat speaking with advisers, could seek about $500 million
- Licenser of Care Bears, Smurfs brands sells to 100 countries
The PatPat website.
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PatPat, a clothing and maternal products online marketplace, is exploring an initial public offering, according to people familiar with the matter.
The SoftBank Vision Fund 2-backed firm has held early discussions with potential advisers, the people said, asking not to be identified as the information isn’t public. A share sale could happen as soon as this year and could raise about $500 million, they said. PatPat could be valued at roughly $3 billion, two of the people said.