This story has been updated with a statement from Stitch Fix.
Online styling company Stitch Fix is considering an initial public offering, Bloomberg reports. The startup’s executives have reportedly met with bankers to have preliminary discussions about a potential deal.
A Stitch Fix spokeswoman said the company “has neither turned down late-stage funding from interested investors nor will our Board of Directors be meeting next month to decide on plans for an IPO.”
Although founder and CEO Katrina Lake says the company hasn’t hit $1 billion in revenue yet, the company has become an e-commerce force. Stitch Fix has raised about $46 million in venture capital from backers including Benchmark Capital and Lightspeed Venture Partners. The company’s most recent valuation was $300…