The second-hand luxury goods marketplace has set down a $100m target for an initial public offering that would offer an exit for Novel TMT Ventures.
US-based second-hand luxury items reseller The RealReal has filed for a $100m initial public offering that would enable telecommunications firm Novel Group to exit.
Founded in 2011, The RealReal provides an e-commerce store for pre-owned luxury goods such as clothes, handbags, apparel, shoes, jewellery, art and furniture. It has a team of experts that includes horologists, designers and art curators, who verify the value of each item.
The company also operates three brick-and-mortar stores across New York and Los…
