Rent the Runway, Inc. rents designer wear for women through its stores and online retail.
- Sector(s): Consumer Cyclical
- Industry: Apparel Retail
- Full Time Employees: 958
- Incorporated in 2009
- Headquartered in Brooklyn, New York
- https://www.renttherunway.com
Rent the Runway priced upsized 17.0 mln share IPO at $21/share, at the high end of the $18-21 expected range
Opened at $23 after pricing IPO at $21
CEO Jennifer Hyman's 5.1% wnership stake is now worth about $48.9 million.
The 41-year-old Jennifer Hyman (right) launched the company is 2008 with Harvard Business School classmate Jennifer Carter Fleiss (left), who left in 2018 but still owns 1%.
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