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

Representatives for Savage X Fenty and Morgan Stanley didn’t immediately respond to requests for comment. A representative for Goldman Sachs declined to comment.

The company raised US$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.  read more at #thegirbossenergy