Advance Publications and American Express scored exits as the fashion subscription service floated at the top of its range in an upsized offering.
US-based fashion rental service Rent the Runway has gone public in a $357m initial public offering representing an exit for backed by media group Advance Publications and payment services firm American Express.
The company increased the number of shares in the offering from 15 million to 17 million and issued them on the Nasdaq Select Market priced at $21.00 each, at the top of the IPO’s $18 to $21 range.
Rent the Runway is the owner of an online…
