viewRevolve Group Inc

Revolve shares continue to shine a day after its IPO, drawing praise from notorious short-seller Andrew Left

The Los Angeles retailer has more than doubled its IPO price

Model wearing blue
After pricing at $18, the Los Angeles retailer debuted to the public at $26.75 on Friday

Revolve Group LLC (NYSE:RVLV), the millennial, influencer-driven fashion brand, continues to flourish in its first full day of trading.

After pricing its initial public offering at $18 on Thursday night, the Los Angeles retailer debuted to the public at $26.75 on Friday. The stock's value has more than doubled since Thursday.

READ: Millenial fashion retailer Revolve makes high-flying public debut

Revolve's stock rocketed as high as $44.47 Monday morning but settled up nearly 4% at $35.33 in the afternoon.

Andrew Left, the infamous short-seller behind Citron Research, likes what he sees. When the company opened trading, the firm tweeted that investors should expect massive growth.

In a report put out on Monday, Citron praised the company's network of investors and brand partners. In what the firm termed "FashTech," Revolve uses social media and tech to disrupt the fashion industry. 

According to the report, Revolve spends about $100 to bring in customers and earns about $300 after they've been acquired. 

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

Quick facts: Revolve Group Inc


Price: 68.84 USD

Market Cap: $5.01 billion

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