ISSUE – Mar. 23 | Benchmark-Backed Stitch Fix Said to Mull Initial Public Offering

Stitch Fix Inc., the online personal-styling service backed by Benchmark, is considering an initial public offering, people with knowledge of the matter said. 

Executives have held early discussions with bankers about a potential deal, and the board plans to decide in the next month whether to pursue a public offering, said the people, asking not to be identified as the process is private. The company, which counts Benchmark and Lightspeed Venture Partners among its backers, also turned down late-stage money from several interested investors, one of the people said. A representative for San Francisco-based Stitch Fix didn’t immediately respond to a request for comment. [ Bloomberg ]