REVOLVE Closes Initial Public Offering
On June 11, 2019, Revolve Group, the next-generation fashion retailer for millennial consumers, announced the closing of its initial public offering of 13,529,411 shares of its Class A common stock, which includes the full exercise of the underwriters' option to purchase 1,764,705 additional shares, at a price to the public of $18.00 per share. A total of 3,382,352 of the shares were offered by REVOLVE, while 10,147,059 of the shares were offered by certain selling stockholders. Wilson Sonsini Goodrich & Rosati represented Revolve in the offering. The shares began trading on the New York Stock Exchange under the ticker symbol "RVLV" on June 7 and closed on June 11.
Morgan Stanley and Credit Suisse Securities acted as lead joint bookrunning managers for the offering, while BofA Merrill Lynch acted as a joint bookrunning manager. In addition, Barclays Capital and Jefferies acted as bookrunning managers, and Cowen and Company, Guggenheim Securities, Raymond James & Associates, and William Blair & Company acted as co-managers for the offering.
The WSGR team that represented Revolve in the offering included:
For more information, please see the company's press release.