The company revealed on Tuesday that it will offer some 15 million shares, which it expects to sell for between $18 and $21 apiece. At $21 a share, Rent the Runway’s valuation could hit nearly $1.3 billion.
The Hut Group shares continued to fall on Tuesday morning after a period of decline that had already seen the firm losing a quarter of its market value in just two weeks by Monday’s stock exchange closing bell.
U.S. retail sales unexpectedly increased in August, boosted by back-to-school shopping and government child tax credit payments, which could temper expectations for a slowdown in economic growth in the third quarter.
Knowlton Development Corp said on Tuesday it was looking to raise up to $857.14 million through a U.S. initial public offering, valuing the manufacturer for beauty, personal and home care brands at more than $3 billion.
The French department store group, owner also of La Redoute, Royal Quartz Paris, Louis Pion, Mauboussin and BazarChic, has hired Sandra Weber, a corporate finance expert formerly with Swiss retail group Rallye.