Sustainable fashion retailer Reformation has raised $210.9m through its initial public offering (IPO), providing private equity owner Permira with a partial exit while leaving the buyout firm as the company’s largest shareholder, according to a report by Bloomberg.
The California-based womenswear brand priced its shares at $15 each, the bottom of its marketed range of $15 to $17. The offering included approximately 9.5 million newly issued shares from the company alongside 4.6 million shares sol...
Continue Reading
Sign up for FREE to read the full article and access 170K+ alternative investment headlines.
Alternative Investment News