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Human Made’s Share Price Jumps in IPO

The Japanese streetwear label’s share price closed up 13 percent in its first day of trading on the Tokyo Stock Exchange.
Steven Victor to the right of ASAP Rocky and Nigo at the opening of his Victor Victor flagship in New York. The apparel arm of his Victor Victor Worldwide record label and entertainment management company was the exclusive United States retailer of Nigo’s debut Nike collaboration outside of Japan.
The streetwear label co-founded by the designer Nigo, pictured centre, raised $460 million in its Tokyo IPO. (Victor Victor Worldwide)
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Human Made had a strong first day as a public company.

The Japanese streetwear label, which had priced its shares at the top of the marketed range, ended the day with its share price up 13 percent. The price had lifted as much as 23 percent in early trading.

Founded by designer Nigo, and backed by musician and designer Pharrell Williams, Human Made raised 17.8 billion yen ($113.8 million) in its public debut.

The brand, founded in 2010, has grown considerably in recent years, more than quintupling its sales and revenue since 2021 and achieving a 28 percent operating margin, on par with luxury fashion labels. The company said it plans to use the newly raised funds to expand both its global fleet of stores and its portfolio of brands.

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Learn more:

Streetwear’s First IPO, Explained

Human Made shares begin trading in Tokyo on Thursday, a milestone in streetwear’s evolution from a subcultural trend to a mature fashion category.

About the author
Brennan Kilbane
Brennan Kilbane

Brennan Kilbane is News and Features Editor at The Business of Beauty. He is based in London, and supports BoF’s coverage of the multifaceted cosmetics industry, from fine fragrance to wellness trends.

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