Rihanna’s Lingerie Firm Said to Plan IPO at $3 Billion Value (1)

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, according to people familiar with the matter.

Savage X Fenty is working with banks including Goldman Sachs Group Inc. and Morgan Stanley, said the people, who asked not to be identified because the information is private. A listing could happen as soon as this year, one of the people said.

Savage X Fenty hasn’t made a final decision on an IPO and its plans, including the timing, could still change, the people said.