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The global fashion business journal

19 Jun 201921:32

Revolve’s ecommerce to entry stock market

Fashion company is planning to debut in New York’s trading floor with a rating of 1,231 million dollars, according to a statement delivered to New Yorker’s stock market.

28 May 2019 — 18:45
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Revolve’s ecommerce to entry stock market

 

Revolve takes the leap to the stock market in a big way. The American ecommerce platform is planning to debut in New York’s trading floor with a rating of 1,231 million dollars (1,100 million euros), according to a statement issued to the New Yorker’s stock market.

 

The initial public offering (IPO) of Revolve consists on the emission of 11.7 million of shares, with possibility of raising until 13.5 million of shares. The estimated price per title ranges between sixteen and eighteen dollars.

 

In 2018, the American company registered a billing of 498 million dollars (445.2 million euros), a 24.8% more than the previous year. The group’s benefit, for its part, multiplied almost for six, until positioning in 30.6 million dollars (27.3 million euros).

 

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