Wall Street Welcomes Rent the Runway With Outsized IPO_老虎社区_美港股上老虎

Wall Street Welcomes Rent the Runway With Outsized IPO

Motley Fool2021-10-28

It looks like investors love a fashion-tech unicorn even more than customers love being able to rent Ralph Lauren wrap dresses and Tori Burch handbags for $99 per month. Clothing leasing service Rent ...

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Victorng002
·2021-10-28
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·2021-10-28
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The company unloaded 17 million shares at $21 each, high and above its suggested offering of 15 million shares for $18 to $21, and valuing it at nearly $1.7 billion.\nReady to Wear?\nThe IPO could be a vote of confidence from Wall Street in the sustainable fashion industry, as well as the subscription trend, but the blow-out debut has sent some into an existential tailspin about the logic of the stock market. 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