NEW YORK (AP) ? Fashionistas and investors all want a piece of Michael Kors, with the designer's company raising $944 million after selling 47.2 million shares in its initial public stock offering.
The sale values Michael Kors Holdings Ltd. at $3.8 billion.
The offering was expected to price between $17 and $19 a piece, but strong demand pushed the price to $20 per share.
Kors, an American designer who became a household name in recent years as a judge on "Project Runway," has been one of the top names in fashion for years. His Hong Kong-based company makes high-end handbags, shoes and clothing.
The stock is set to begin trading on the New York Stock Exchange on Thursday.
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