Fashion site Rent the Runway raises $357 million in upsized IPO

Fashion site Rent the Runway raises $357 million in upsized IPO

By Crystal Tse and Jeannette Neumann | Bloomberg
Rent the Runway expanded its initial public offering and priced the shares at the top of a marketed range to raise $357 million.
The company sold 17 million shares Tuesday for $21 each after marketing 15 million shares for $18 to $21, according to a statement.
The listing gives Rent the Runway a market value of $1.3 billion based on the outstanding…

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