--Clothing company Untuckit has hired Morgan Stanley to help it raise funds to fuel growth, CNBC reported Thursday, citing "people familiar with the situation."

--The company is hoping the latest round of fund raising will give it a valuation of better than $600 million, the report said.

--The company is profitable, with sales of about $150 million, the report said.

Full story: https://www.cnbc.com/2018/12/06/untuckit-eyes-valuation-greater-than-600-million.html

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

December 06, 2018 13:42 ET (18:42 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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