Rihanna considers $3bn listing for lingerie brand Savage X Fenty

The singer's company is in talks with Goldman Sachs and Morgan Stanley for an IPO but a final decision has yet to be made

Rihanna's Fenty Beauty cosmetics brand has helped to redefine inclusivity in the make-up world. The singer, who was born Robyn Fenty, is now worth $1.7 billion, according to Forbes.

Rihanna at the opening of a Fenty Pop Up shop in Paris, France. The bulk of her fortune comes from the value of the Fenty Beauty brand, of which she owns half.

Rihanna's Fenty by Puma sportswear collection. The singer became creative director of Puma's women’s collections in 2014.

A sports top from the Fenty by Puma collection. Rihanna spent three years as Puma's creative director.

A Fenty Beauty eye palette in spicy tones that is retailing for Dh260. The cosmetics brand is a 50-50 joint venture with French luxury goods conglomerate LVMH.

Rihanna promotes her Fenty Beauty collection. Rihanna is now the wealthiest female musician in the world and the richest female entertainer.

A Fenty by Puma polo top. The brand's clothing line was first launched in 2016.

Rihanna and LVMH revealed the Fenty brand in 2019 but the singer's brief foray into fashion came to a halt when the clothing line was shut down this year.

A top from the Fenty by Puma collection. The brand’s first offering was the Creeper, a platform-soled variation of Puma’s suede trainer.

Rihanna's face is projected on to the side of the Burj Khalifa to celebrate the launch of Fenty Skin in the GCC early this year.

Rihanna attends a Sephora loves Fenty Beauty launch event in Milan, Italy.

Rihanna, Delphine Arnault, Bernard Arnault and Alexandre Arnault attend a Fenty launch party in Paris, France.

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Singer-turned-fashion-entrepreneur Rihanna is working with advisers on an initial public offering that could value her Savage X Fenty lingerie company at $3 billion or more.

Savage X Fenty is working with banks, including Goldman Sachs and Morgan Stanley, and a listing could happen as soon as this year, sources said.

Savage X Fenty has not made a final decision on an IPO and its plans, including the timing, could still change.

Representatives for Savage X Fenty, Goldman Sachs and Morgan Stanley did not immediately respond to requests for comment.

The company raised $125 million in January in a funding round led by Neuberger Berman, with participation from previous investors L Catterton, Avenir Growth Capital, Sunley House Capital Management and Jay-Z’s Marcy Venture Partners, according to data provider PitchBook.

Abu Dhabi's Multiply Group, a technology-focused investment holding company, also invested Dh92m ($25m) in the funding round as it seeks to expand its global portfolio.

The singer, born Robyn Rihanna Fenty, who announced that she is expecting her first baby with partner A$AP Rocky in January, was born in Barbados and signed with Def Jam records in 2005, producing a string of hit-filled albums over the next decade.

Her business holdings also include Fenty Beauty, which made waves in the industry when the make-up company was launched in 2017, and Fenty Skin.

Those two companies, along with Savage X Fenty, aim to provide products to customers who are often overlooked by traditional brands.

Fenty Beauty, for example, has more than 40 foundation shades — a much wider palette than the norm — while Savage X features sizes from XS to 4XL.

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