Farfetch has hired bankers from J.P. Morgan and Goldman Sachs to lead an IPO in the U.S. this year, according to the Financial Times. Main rival Yoox Net-A-Porter has a market value of €5 billion ($6.16 billion) and analysts have said Farfetch is seeking a similar valuation, the FT reported.

Founder Jose Neves told The Daily Telegraph in August that a flotation was the