Rent the Runway, Inc.

Rent the Runway, Inc. (RENT) priced its initial public offering on Oct 27, 2021 at $21.00 per share, raising $357M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.32B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, Barclays and Credit Suisse and others. Latham & Watkins advised the company and Cooley advised the underwriters.

Rent the Runway, Inc. operates a shared designer closet with over 18,000 styles from more than 750 designer brands. Customers get ongoing access through subscriptions or rent individual items through its Reserve offering, and can also buy through its Resale offering.

Status

IPO

Ticker

RENT

Exchange

Nasdaq Global Select

Priced

Oct 27, 2021

IPO price

$21.00

Raised

$357M

Market cap at IPO price

$1.32B

First filed

Oct 4, 2021

Underwriters

Goldman Sachs, Morgan Stanley, Barclays, Credit Suisse, Piper Sandler, Wells Fargo, Citizens JMP, KeyBanc and Telsey

Company counsel

Latham & Watkins

Underwriters' counsel

Cooley

Sector

Consumer

Country / state

NY

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