RENT News

The IPO market remained active this past week as 14 IPOs raised $6.3 billion. SPAC activity kept steady with 13 blank check IPOs raising $2.1 billion. New filers continued to pour into the IPO pipeline, with eight IPOs and seven SPACs submitting initial filings. Semiconductor foundry GlobalFoundries (GFS) priced at the high end to raise $2.6 billion at a $26...read more

Rent the Runway, which rents designer apparel and accessories to women via monthly subscriptions, raised $357 million by offering 17 million shares at $21, the high end of the range of $18 to $21. The company originally planned to offer 15 million shares. At pricing, the company commands a fully diluted market value of $1.5 billion.  Rent the Runway states that it...read more

Updated Monday, 10/25. The IPO market continues to stay busy with 15 IPOs schedule to raise $7.2 billion in the week ahead.   Semiconductor foundry GlobalFoundries (GFS) plans to raise $2.4 billion at a $24.6 billion market cap. Backed by Abu Dhabi’s Mubadala, US-based GlobalFoundries is one of the world’s leading specialty...read more

Rent the Runway, which rents designer apparel and accessories to women via monthly subscriptions, announced terms for its IPO on Monday. The New York, NY-based company plans to raise $293 million by offering 15.0 million shares at a price range of $18 to $21. At the midpoint of the proposed range, Rent the Runway would command a fully diluted market cap of $1.4 billion. Rent the...read more