Rent the Runway Jumps in Public Market Debut

  • 📰 WSJ
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Rent the Runway shares jumped in their IPO Wednesday as signs pointed toward renewed demand for clothing rental

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Innovative idea. Rent, Wear, Return, Repeat. Nice!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: ABC - 🏆 471. / 51 Read more »