Reformation Inc. [REF] - IPO
Reformation Inc. priced its initial public offering at $15.00 per share, offering 9,478,821 shares for total gross proceeds of approximately $210.9 million, with the selling stockholders offering an additional 4,583,679 shares.
Why this matters
Reformation Inc., a company specializing in women's, misses', and juniors' outerwear, has priced its initial public offering at $15.00 per share. The company offered 9,478,821 shares, raising approximately $210.9 million in gross proceeds, while selling stockholders offered an additional 4,583,679 shares. The IPO is part of Reformation's strategic initiatives, possibly to support its growth and operational plans.