Monday, September 15, 2025

Fashion Platform Rent The Runway Prices Upsized US$357 Million IPO

Fashion e-commerce platform Rent the Runway, Inc. (Nasdaq: RENT) started trading on the Nasdaq Global Select Market today while also announcing pricing for their IPO. The firm aims to raise US$357 million in its debut on the big board.

The offering consisted of 17 million Class A common shares at US$21.00 per share, an upsize from the previous offering size of 15 million shares. The company’s shares will be trading on the Nasdaq exchange under the ticker symbol “RENT”.

Goldman Sachs & Co., Morgan Stanley & Co., and Barclays Capital Inc. are acting as the lead bookrunners for the said offering. The underwriters were given a 30-day over-allotment option to purchase up to an additional 2.55 million shares at the same IPO price.

The offering is expected to close on October 29, 2021, subject to customary closing conditions.

The fashion firm’s main service is the platform that allows users to rent or buy designer apparel and accessories.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Financial SPAC FG Acquisition Announces US$100 Million TSX IPO

Blank check firm FG Acquisition is looking to go public on the Toronto Stock Exchange....

Tuesday, March 22, 2022, 02:18:00 PM

Russian Real Estate Platform Cian Prices US$291 Million NYSE IPO

Online real estate classified ad platform Cian PLC (NYSE: CIAN) started trading on the New...

Monday, November 8, 2021, 02:17:00 PM

Social Media Firm DatChat Closes US$12.0 Million IPO

Social media platform DatChat, Inc. (Nasdaq: DATS) closed on Tuesday its initial public offering on...

Wednesday, August 18, 2021, 12:26:00 PM

Internet SPAC DP Cap Acquisition Prices US$200 Million IPO

Special purpose acquisition company DP Cap Acquisition Corp I (Nasdaq: DPCSU) started trading publicly on...

Tuesday, November 9, 2021, 02:19:00 PM

SPAC Welsbach Technology Metals Acquisition Prices US$75 Million IPO

Special purpose acquisition company Welsbach Technology Metals Acquisition Corp. (Nasdaq: WTMAU) started trading publicly on...

Wednesday, December 29, 2021, 02:18:00 PM