Reformation Inc.

Reformation Inc. (REF) priced its initial public offering on Jul 30, 2026 at $15.00 per share, and listed on NYSE. At the IPO price its market capitalization was about $886.1M. J.P. Morgan was lead-left underwriter, joined by Morgan Stanley, Citigroup and RBC Capital Markets and others. Skadden, Arps advised the company and Latham & Watkins advised the underwriters.

Reformation Inc. is a premium sustainable womenswear brand that sells directly to customers, including in the United States, and aims to challenge the conventional fashion model while reducing its impact on people and the planet.

Status

IPO

Ticker

REF

Exchange

NYSE

Priced

Jul 30, 2026

IPO price

$15.00

Market cap at IPO price

$886.1M

First filed

Jun 25, 2026

Underwriters

J.P. Morgan, Morgan Stanley, Citigroup, RBC Capital Markets, Guggenheim, Baird, William Blair, BTIG and Telsey

Company counsel

Skadden, Arps

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.