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Millenial fashion retailer Revolve makes high-flying public debut

Investors were eager for a piece of the California fashion retailer, propelling its stock to a $25.24 debut

Woman wearing dress
Revolve is a feminine clothing, footwear and accessories seller focused on millennial and Gen-Z customers

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 [email protected]

Follow him on Twitter @andrew_kessel
 

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