Michael Kors IPO a Smash Success, Designer Pockets $100 Million

If you were hoping to hit up Michael Kors for an extra nice holiday gift this year, or a bigger bonus if you happen to work for him, now it probably the time to ask. This week, his eponymous company filed its initial public offering and it was more than a little successful. The AP reports that the company has raised $944 million after selling its IPO shares, leaving the company valued at just shy of $4 billion.