Fashion Firm Rent the Runway Aims for Nearly $1.3 Billion Valuation in US IPO

Rent the Runway is aiming for a valuation of nearly $1.3 billion in its US initial public offering, as the fashion rental company looks to cash in on the rising interest in pre-owned clothing. The company, founded in 2009, lets users rent and shop second-hand clothes and accessories such as handbags and jewelry in over 18,000 styles from more than 750 designer brands. It also allows customers to rent and shop home goods.

Fashion firm Rent the Runway aims for nearly US$1.3bn valuation in

Fashion Firm Rent the Runway Aims for Nearly $1.3 Billion

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Fashion Firm Rent the Runway Aims for Nearly $1.3 Billion