Business & Finance
Womenswear Firm Reformation Opens Flat After $210.9 Million IPO
Key Points
Womenswear Firm Reformation Opens Flat After $210.9 Million IPO Reformation Inc., a sustainable womenswear brand backed by private equity firm Permira, opened at its IPO price in its trading debut Thursday, after the company raised $210.9 million in a listing that priced at the bottom of its marketed range. The Vernon, California-based company’s shares traded at $15 each. The trading gives Reformation a market value of about $886 million, based on the outstanding shares in its filings.
Womenswear Firm Reformation Opens Flat After $210.9 Million IPO
Reformation Inc., a sustainable womenswear brand backed by private equity firm Permira, opened at its IPO price in its trading debut Thursday, after the company raised $210.9 million in a listing that priced at the bottom of its marketed range.
The Vernon, California-based company’s shares traded at $15 each. The trading gives Reformation a market value of about $886 million, based on the outstanding shares in its filings.