Revolve Group (RVLV) Plans to Raise $201 Million in June 7th IPO

Revolve Group (RVLV) is planning to raise $201 million in an initial public offering on Friday, June 7th, IPO Scoop reports. The company will issue 11,800,000 shares at $16.00-$18.00 per share.

In the last 12 months, Revolve Group generated $522.8 million in revenue and $30.3 million in net income. The company has a market cap of $1.2 billion.

Morgan Stanley, Credit Suisse and BofA Merrill Lynch acted as the underwriters for the IPO and Barclays, Jefferies, Cowen, Guggenheim Securities, Raymond James and William Blair were co-managers.

Revolve Group provided the following description of their company for its IPO: ”  REVOLVE is the next-generation fashion retailer for millennial consumers. As a trusted, premium lifestyle brand, and a go-to online source for discovery and inspiration, we deliver an engaging customer experience from a vast yet curated offering totaling over 45,000 apparel, footwear, accessories and beauty styles. Our dynamic platform connects a deeply engaged community of millions of consumers, thousands of global fashion influencers, and more than 500 emerging, established and owned brands. Through 15 years of continued investment in technology, data analytics, and innovative marketing and merchandising strategies, we have built a powerful platform and brand that we believe is connecting with the next generation of consumers and is redefining fashion retail for the 21st century. “.

Revolve Group was founded in 2012 and has 1005 employees. The company is located at 16800 Edwards Road, Cerritos, CA 90703, US and can be reached via phone at (562) 677-9480 or on the web at http://www.revolve.com.

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