After raising $357M in its IPO, Rent the Runway closes at $19.29, down 8% from its $23 opening price, valuing the company at $1.2B (Bloomberg)




Bloomberg:

After raising $357M in its IPO, Rent the Runway closes at $19.29, down 8% from its $23 opening price, valuing the company at $1.2B  —  – Shares open above price in $357 million IPO before dropping  — CEO says company will push subscription sign-ups in marketing





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