Rent the Runway's upsized IPO priced at the top of the expected range, valuing company at $1.3 billion

Rent the Runway's upsized IPO priced at the top of the expected range, valuing company at $1.3 billion
·1 min read

Rent the Runway Inc. is headed for its Wall Street debut on Wednesday, after the fashion rental company said overnight that its upsized initial public offering priced at $21 a share, at the top of the expected range of between $18 and $21 a share. The company sold 17.0 million Class A shares in the IPO, up from an expected 15.0 million share offering, to raise $357.0 million. With a total of 60.87 million Class A and Class B shares expected to be outstanding after the IPO, the pricing valued the

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting