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Week of Expected Pricing 5/17/2021
Company Name DIGITAL BRANDS GROUP INC
Proposed Ticker DBGI
CUSIP 25401N101
Business Description A wide variety of apparel through numerous brands on a both direct-to-consumer and wholesale basis. We have created a business model derived from our founding as a digitally native-first vertical brand. Digital native first brands are brands founded as e-commerce driven businesses, where online sales constitute a meaningful percentage of net sales, although they often subsequently also expand into wholesale or direct retail channels., Unlike typical e-commerce brands, as a digitally native vertical brand we control our own distribution, sourcing products directly from our third-party manufacturers and selling directly to the end consumer. We focus on owning the customer’s “closet share” by leveraging their data and purchase history to create personalized targeted content and looks for that specific customer cohort.
Lead Underwriter Kingswood Capital Markets, division of Benchmark Investments
Co-Managers N/A
Initial Shares 20,00,000
Revised Initial Shares 24,09,639
Initial Price $5.00-$5.00
Revised Price N/A
Final Price $4.14
Final Ticker DBGI

 

 

   
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