Michael Kors Designs A Successful Ipo

Michael Kors understands what fashion-conscious shoppers desire. Apparently, he knows what investors want, too. The designer's company, Michael Kors Holdings Ltd., raised $944 million after selling 47.2 million shares in its initial public stock offering Wednesday night, valuing the company at $3.8 billion. It had planned to sell about 42 million shares for between $17 and $19.

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