Skims IPO Rumors: Jens Grede Addresses Speculation

Skims IPO Plans Currently Paused

Skims co-founder Jens Grede has recently indicated that initial public offering (IPO) considerations are presently being deferred, as revealed in a new discussion with WWD.

Investor Expectations and Previous Reports

Reports surfaced in August, as covered by TechCrunch, suggesting investor anticipation for Skims, valued at $4 billion, to become a publicly traded company.

The Information previously suggested a potential IPO timeline within the first six months of 2025. However, Grede has now clarified the company’s stance.

Grede's Clarification on IPO Intentions

“A definitive decision to pursue an IPO has not been reached,” Grede stated to WWD. “My previous comments regarding becoming a public company were perhaps misinterpreted.”

He further explained, “I’ve consistently maintained that Skims, at some stage, should have the opportunity to be a publicly listed entity.”

“Given our institutional investors, providing them with future options is a natural consideration,” Grede added. “However, we benefit from the strong support of our long-term investors who are aligned with our long-term vision.”

Current Focus and Future Outlook

Grede emphasized the current enjoyment both he and his partners are experiencing with the company’s trajectory. “We are content with our present position and are not actively prioritizing an IPO at this time.”

Despite this, the possibility of a future IPO remains open. Continued monitoring for official filings is still advised.