Revolve Group, an online women's fashion retailer with over 500 brands, announced terms for its IPO on Tuesday.
The Cerritos, CA-based company plans to raise $200 million by offering 11.8 million shares (75% insider) at a price range of $16 to $18. At the midpoint of the proposed range, Revolve Group would command a fully diluted market value of $1.2 billion.
Revolve Group was founded in 2003 and booked $523 million in sales for the 12 months ended March 31, 2019. It plans to list on the NYSE under the symbol RVLV. Morgan Stanley, Credit Suisse, BofA Merrill Lynch, Barclays and Jefferies are the joint bookrunners on the deal. It is expected to price during the week of June 3, 2019.
