Womenswear Firm Reformation Closes Flat After $210.9 Million IPO
Summary
Reformation raised $210.9 million in its IPO, pricing shares at the bottom of the marketed range. The sustainable womenswear company opened at its IPO price in its first trading session.
Flat trading after a discounted pricing signals that investors remain cautious about Reformation's growth and
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Reformation's debut tests whether investors will reward sustainability-led fashion brands with public-market growth valuations.