The fashion rental service has officially filed to go public having raised over $500m from investors including Advance Publications and American Express.
Rent the Runway, a US-headquartered fashion rental service backed by media group Advance Publications and payment services firm American Express, filed to float on the Nasdaq Global Select Market yesterday.
Founded in 2009, Rent the Runway runs an online platform which allows users to rent fashion items for short periods of time through a subscription service. It has set a $100m placeholder target for the offering having filed confidentially nearly three months ago.
The company had more than…
