initial public offerings (IPOs) trading on American exchanges

Wednesday, October 27, 2021

Rent the Runway (RENT) began trading on the Nasdaq on Wed 27 Oct 21

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

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%.

No comments:

Post a Comment