Other trademarks are property of their respective owners. What is Rent the Runway Inc Class A’s stock style RENT’s stock style is Small Core. EquityZen and logo are trademarks of EquityZen Inc. Rent the Runway is an e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use. Shares of Rent the Runway plunged more than 22 before the bell on Tuesday, as more Americans paused their subscription to the clothing rental firm as they feel the pinch of red-hot inflation. Check the background of this firm on FINRA’s BrokerCheck.Į is a website operated by EquityZen Inc. EquityZen Securities is a broker/dealer registered with the Securities Exchange Commission and is a FINRA/ SIPC member firm.Įquity securities are offered through EquityZen Securities. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform.ĮquityZen Securities LLC (“EquityZen Securities”) is a subsidiary of EquityZen Inc. Investors must be able to afford the loss of their entire investment. nerdwallet Rent the Runway Startups The Exchange. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment. NRDS analyst stock forecast, price target, and recommendation trends with. What’s really behind the 10.Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment.More must-read retail coverage from Fortune: The shares are expected to trade on the Nasdaq Global Select Market under the symbol RENT. Goldman Sachs Group Inc., Morgan Stanley and Barclays Plc are leading the offering. Even if we do, we may not be able to sustain or increase our profitability.” “We will need to generate and sustain increased revenue and manage our costs to achieve profitability. “As of July 31, 2021, we had an accumulated deficit of $674.1 million,” it said. 30, according to the prospectus.įounded in 2009 by Jennifer Hyman and Jenny Fleiss, Rent the Runway cautioned in its filing that it may be unable to achieve or sustain profitability.
Its active subscribers more than doubled since Feb. While the company’s losses persisted, its subscription numbers increased. That compared with a $88 million loss on $88.5 million in revenue during the same period a year ago. Rent the Runway reported a net loss of $85 million on $80 million in revenue for the six months ended July 31. The spread of the COVID-19 Delta variant and work-from-home trends have had minimal impact on its business and financial performance, the company said. The New York-based company has struggled to grow through the coronavirus pandemic as lockdowns gave people little reason to dress up. At the top end of that range, it would have a market value of $1.3 billion based on the outstanding shares listed in the prospectus. The fashion-rental company plans to sell 15 million shares for $18 to $21 apiece, according to a filing Monday with the U.S.
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