LiveWire Group (LVWR) : 4-year performance

 

LiveWire Group went public on September 27, 2022, via a $1.8 billion

 merger with a special-purpose acquisition company (SPAC). 

• The company, formerly a Harley-Davidson electric motorcycle division, was spun off from its parent and became publicly traded on the New York Stock Exchange. 
• It is the first publicly traded electric motorcycle company in the United States.
• Ticker symbol: LVWR

 

 

 

Harley-Davidson spun off its electric motorcycle division, LiveWire, in a SPAC deal creating the first publicly traded electric motorcycle company in the United States.
 

Womenswear retailer Reformation files for IPO

July 20 (Reuters) - Permira-backed womenswear retailer Reformation is targeting a valuation of up to $1 billion in its U.S. initial public offering, marking a rare ​public-market foray for a fashion brand in recent years.

• The Vernon, California-based ‌company said on Monday it and some of its selling shareholders aim to raise up to $239.1 million in the IPO by offering 14.1 million shares priced between $15 and $17 each.
• Employees:    1261 
• Founded:    2009 
• http://www.thereformation.com/ 

Name of issuer:	Reformation Inc.
Last filed shares:	14,062,500
Last filed price:	$15.00 - $17.00

Industry:    APPAREL - Women's Juniors & Misses Outerwear
Market Cap    $945.28mil
Revenues    $533.31 mil (last 12 months)
Net Income    $-5.06 mil (last 12 months)

 

Founder Yael Aflalo 

 

 

Kendall Jenner wears Reformation dress in NYC
 

Founded in 2009 as a vintage clothing boutique in Los Angeles, Reformation was acquired by private equity firm Permira in 2019, which is expected to retain a significant stake following the IPO.

The brand describes itself as the world's largest sustainable womenswear brand. It operates 70 stores across the US, UK, Canada and France, while serving customers in more than 150 countries through its e-commerce business. Around 90% of sales are generated through its direct-to-consumer channels.

A public listing has been under consideration for several years. Bloomberg reported in May 2023 that Reformation was exploring an IPO after annual revenue surpassed $300 million.

More recently, revenue for the year ended 27 December 2025 rose to $507.1 million from $438.2 million a year earlier, while net profit declined to $12.6 million from $33 million. Gross margin for 2025 was 60.2%, down 360 basis points due to IEEPA tariffs.

Jersey Mike's Subs filed for an IPO

Jersey Mike's Subs and its existing investors have filed for an initial public offering (IPO) on the NYSE, targeting a valuation of up to $8 billion. The company aims to raise up to $1.09 billion by offering shares between $21.00 and $25.00 under the ticker symbol JMKE. 

• https://www.jerseymikes.com/ 

IPO Details

Expected Share Price: $21 to $25 per share
Ticker Symbol: JMKE
Listing Exchange: New York Stock Exchange (NYSE)
Target Capital Raised: Up to $1.09 billion (including secondary share sales from backers like Blackstone)
Underwriters: Morgan Stanley, Jefferies, and J.P. Morgan

Key Financials & Corporate Structure

Systemwide Sales: Hit $4.3 billion in 2025, marking a 13% increase.
Revenues & Profit: Reported net income of $55 million on $724 million in revenue.
Ownership Control: Private equity firm Blackstone (which bought a majority stake in early 2025) and existing stockholders are cashing out roughly 68% of the offering, but they will retain nearly two-thirds of the voting power post-IPO.