The online luxury retailer, which counts Simon Property Group as an investor, is looking to float on Nasdaq.
US-based online luxury retailer Rue Gilt Groupe has filed for an initial public offering (IPO) on the Nasdaq Stock Market with a $100m placeholder target, potentially marking an exit for real estate developer Simon Property Group.
Created in 2018 from Rue La La’s acquisition of Gilt Groupe, the company provides an online platform where shoppers can buy luxury brands at lower prices than full retail.
Rue Gilt plans to use the proceeds from the offering to grow its sales…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
