Skims co-founder Jens Grede addresses IPO rumors

Skims co-founder Jens Grede confirmed that IPO plans are still on the back burner — at least for now, according to New interview with WWD.

TechCrunch Reported in August Which investors were hoping to go public, which was recently valued at $4 billion, and information Reported that closer That could happen in the first half of 2025. But speaking with WWD, Grede clarified the company’s plans to go public.

“We never made the decision to go public,” he told the outlet. “All I said before, and maybe it was a mistake, is that I said at some point we deserve to be a public company. And we have institutional investors, so of course, at some point, we need to offer them a choice. “But we have long-term investors . They are incredibly supportive of our journey. And I think as people, we’d both say we’re having a great time right now. “We may take that position in the future, but that’s not what I’m thinking about.”

In other words, you’re still monitoring the IPO filing process.