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Fashion rental company Rent the Runway makes IPO filing public By Reuters

by Mike Robinson

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© Reuters. An individual moves clothing through the “Dream Fulfillment Center” at Rent the Runway in Secaucus. September 11, 2019, USA. Picture taken September 11, 2019. REUTERS/Andrew Kelly/Files

(Reuters] Rent the Runway published Monday’s paperwork to go public for a U.S. stock market flotation. The documents revealed a nearly 39% decrease in revenues for the rental fashion company.

Revenue for 2020 was $177.5 million, a decrease of $256.9 millions a year prior. From $153.9 million, the company’s loss of net income grew to $171.1m in this same period.

Rent the Runway is a platform that lets you rent and purchase second-hand clothing from over 750 designers. It was started in 2009. The company had secretly applied for a listing on July.

Goldman Sachs & Co (NYSE:), Morgan Stanley (NYSE: Barclays The lead underwriters are (LON)

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