Skims co-founder Jens Grede confirmed that plans for an IPO are on the back burner, at least for now. A new interview with WWD.

TechCrunch reported in August investors hope that retail darling, which was last valued at $4 billion, will go public and Information reported that it was the earliest could do so in the first half of 2025. But speaking to WWD, Grede revealed the company's plans for an IPO.

"We never decided to go public," he told the press. “The only thing I ever said, and maybe it was a mistake, was that we deserved to be a public company at some point. "We also have institutional investors, so of course we need to offer them optionality at some point," he continued. But we do have long-term investors. They've been incredibly supportive of our journey. And I think as humans we can both say we're enjoying our time right now. We may be in that position in the future, but that's what I think not this."

In other words, still pay attention to the IPO filing.