Donna karen stock

The eagerly anticipated initial public offering of Donna Karan International finally hit the market Friday, performing with the exuberance that has become almost traditional these days for high-profile fashion firms.

DKNY and Donna Karan owner G-III Apparel Group (NASDAQ: GIII) reported a third-quarter FY24 sales decline of 1% year-on-year to $ billion.

It closed at 28, up a robust 17 percent from its offering price, but short of the levels some observers seemed to expect after all the the preopening hoopla. The entire issue was If the underwriters pick up their day options to buy an additional 1. While the Donna Karan stock performed strongly, essentially following the pattern of some of the other recent fashion IPOs, not all investors were happy.

One broker in Los Angeles, who specializes in fashion stocks for retail customers rather than institutions, said that some of his clients were disappointed. If it goes out and generates strong sales and profits, the stock could go through the roof.

Company profile page for Donna Karan International Inc including stock price, company news, executives, board members, and contact information.

Mossimo, which came out earlier this year, also soared 39 percent in the first trade, going from an offering price of 18 to an initial trade of It closed Friday at The most dramatic of the new issues was Gucci Group. Sign up for WWD news straight to your inbox every day. All Rights Reserved. Related Articles. Newsletters Sign up for WWD news straight to your inbox every day.