Deals
Fashion Site Rent the Runway Raises $357 Million in Upsized IPO
- Company increases size of sale, prices shares at top of range
- Listing gives business diluted value of about $1.5 billion
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Rent the Runway Inc. expanded its initial public offering and priced the shares at the top of a marketed range to raise $357 million.
The company sold 17 million shares Tuesday for $21 each after marketing 15 million shares for $18 to $21, according to a statement.