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Oct. 18, 2021, 6:20 p.m. EDT

Rent the Runway seeks to sell more than 17 million shares at $21 apiece in IPO

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By Claudia Assis

Fashion rental company Rent the Runway Inc. is seeking to sell more than 17 million shares at $21 apiece, according to an amended initial public offering filing late Monday. The Brooklyn, N.Y.-based company filed for its IPO earlier this month. The company listed losses of $7.44 a share in the six months ended in July, compared with a loss of $7.91 a share in the same period in 2020. Revenue in the first six months of this year fell to $80.2 million, from $88.5 million in the same period a year ago. Rent the Runway plans to trade on the Nasdaq under the ticker RENT, and Goldman Sachs & Co. and Morgan Stanley are among the underwriters. Board members include actress, author and Goop founder Gwyneth Paltrow and Nike Inc. /zigman2/quotes/203439053/composite NKE -0.61% vice president Melanie Harris.

/zigman2/quotes/203439053/composite
US : U.S.: NYSE
$ 170.25
-1.04 -0.61%
Volume: 5.61M
Dec. 8, 2021 4:00p
P/E Ratio
45.22
Dividend Yield
0.72%
Market Cap
$271.12 billion
Rev. per Employee
$606,999
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