The sustainable fashion retailer targets a $239M raise as revenue grows to $507.1M but net profit declines to $12.6M.
Reformation Inc. (REF) has launched its IPO roadshow, offering 14,062,500 shares at a price range of $15-$17 per share. The company aims to raise approximately $239M, targeting a valuation exceeding $1B.
Revenue climbed to $507.1M from $438.2M year-over-year, though net profit fell to $12.6M from $33M. The proceeds will fund store expansion, direct-to-consumer growth, and tech-driven supply chain investments.
The offering includes 9,478,821 shares from Reformation and additional shares from existing stockholders.