On Friday, Katrina Lake became the only woman to lead a tech initial public offering so far this year.
Lake is the CEO of Stitch Fix, a subscription-based fashion startup. Its customers fill out a detailed questionnaire about their style, pick a shipment date, and pay a $20 styling fee. Stitch Fix's stylists then pick out outfits to match a customer's style, and if they like their outfit enough to keep it, they pay for the clothes.
The San Francisco-based company has about 5,000 employees, 3,500 of whom are full- and part-time stylists, the Los Angeles Times reported.
According to CNBC, investors and analysts were concerned about Stitch Fix's profitability in the wake of troubles at the meal-subscription company Blue Apron.
Forbes reported that Stitch Fix's IPO raised $120 million.
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