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: 

Corporate: 
Michael Nordtvedt, Partner
Katherine H. Ku, Partner
Soo Hwang, Associate
Christie Cho, Associate
Ashley Schmidt, Associate

Tax: 
Jonathan Zhu, Partner 
Tim Shapiro, Associate

Employee Benefits and Compensation: 
Brandon Gantus, Partner
Mark Cornillez-Ty, Associate

For more information, please see the company's press release.