Revolve (NYSE: RVLL) prices public offering, expects to trade on NYSE on Friday
- Online fashion retailer prices IPO at $18 per share
- Raised $212 million on Thursday
- Valued at $1.23B in IPO based on outstanding shares
- Morgan Stanley, Bank of America Corp. and Credit Suisse Group among those acting as lead managers
Revolve Group will begin selling shares on the New York Stock Exchange today (Friday, May 7) under the NYSE: RVLL ticker after selling 11.8 million shares for $18 each and raising $212 million on Thursday.
The online fashion retailer based in California generated $499 million in sales and posted a $31 million profit in 2018. Revolve Group’s public offering is set to close on Tuesday, June 11.