Everyone wants a piece of Michael Kors

If you ever needed proof that fashion is a hot commodity, check this out. This morning it was announced that Michael Kors Holdings Ltd has already received more orders to purchase stock than what is actually being offered when it hits the marketplace tomorrow. Apparently they’ve even stopped taking orders as sources have revealed the offering is oversubscribed as much as 10 times! KORS, the ticker for the stock, is expected to be priced between $17-$19 and will hopefully raise upwards of $790 million for the company!

{Via WWD/Bloomberg}

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