logo-loader

Millenial fashion retailer Revolve makes high-flying public debut

Last updated: 11:45 07 Jun 2019 EDT, First published: 11:10 07 Jun 2019 EDT

Woman wearing dress

Revolve Group (NASDAQ:RVLV) raised $212 million after pricing at $18 per share Thursday night, the top end of its range. Investors were eager for a piece of the California fashion retailer, propelling its stock to a $25.24 debut.

Revolve is a feminine clothing, footwear and accessories seller founded in 2003 focused on millennial and Gen-Z customers. Its platform offers more than 500 brands and 45,000 products.

READ: IPO Roundup: Chinese tutoring company GSX Techedu makes its debut; Peloton confidentially files for IPO

The company's stock price was up nearly 46% to $26.25 a share midday Friday.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel
 

BenevolentAI advances novel ulcerative colitis treatment through Phase 1a trial

BenevolentAI (OTC:BAIVF) chief scientific officer Dr Anne Phelan joins Proactive's Stephen Gunnion with positive safety data from the Phase 1a, first-in-human, clinical study of BEN-8744 in healthy volunteers. Phelan explained that BEN-8744 is a potent, selective PD10 inhibitor, uniquely...

22 minutes ago