Rent the Runway Inc.’s shares rose 9.5% in its market debut on Wednesday as the company signaled confidence that the clothing-rental business is making a comeback.
The stock opened at $23 on the Nasdaq Stock Market under the symbol RENT. That compares with its initial-public-offering price of $21 a share. Wednesday’s open values the company at $1.71 billion.
Innovative idea. Rent, Wear, Return, Repeat. Nice!
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Customers can soon rent a Tesla at Hertz after company orders 100,000 electric vehiclesRental car giant Hertz announced it was buying 100,000 Tesla electric vehicles that will be available to customers starting next month.
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