Sustainable fashion retailer Reformation has raised $210.9m through its initial public offering (IPO), providing private equity owner Permira with a partial exit while leaving the buyout firm as the company’s largest shareholder, according to a report by Bloomberg.
The California-based womenswear brand priced its shares at $15 each, the bottom of its marketed range of $15 to $17. The offering included approximately 9.5 million newly issued shares from the company alongside 4.6 million shares sol...
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