Deals
Retailer Revolve Gets 2019's Third-Best U.S. Trading Debut
- Fashion site rises as much as 111% after $212 million U.S. IPO
- Co-CEOs look to international expansion, more private labels
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Shares of online fashion retailer Revolve Group Inc. briefly doubled after its $212 million initial public offering but still closed the day with the year’s third-best U.S. trading debut.
Revolve opened trading Friday up 40% from its $18 offer price and then soared as much as 111%. It closed the day up 89% to $34 a share, valuing the company at about $2.33 billion based on the outstanding shares as listed in its IPO filing.