Apparel Brand Reformation Aims for $239 Million in IPO
Summary
Reformation filed to go public, targeting up to $239 million by offering about 14 million shares priced at $15 to $17. The filing implies a market value around the top end of the range, with proceeds split between the company and selling shareholders.
Why it matters
A successful Reformation float would reopen the public markets for consumer apparel brands and set a new benchmark for sustainability-led valuations.