Stitch Fix spikes more than 17% after IPOing (SFIX)
Facebook/Stitch Fix
Stitch Fix began trading under the ticker "SFIX" on Friday.
The company priced its shares at $15 apiece, and is now trading up 16.4% at $17.46.
Stitch Fix is a personalized fashion service that sends a box of clothing picked for the customer by a personal stylist. Customers can order a box on demand, or on a fixed schedule.
It has been profitable in each of the last two years and expects to bring in $1 billion in revenue in 2017.
The service boasts 2.2 million active clients.
Read more about the company's IPO here.
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SEE ALSO: Stitch Fix just filed for an IPO