Is rent the runway on the NASDAQ?

Rent the Runway started trading Wednesday on Nasdaq under the ticker symbol RENT. On Tuesday, the company’s initial public offering priced at the top end of its expected range. Rent the Runway’s listing follows the public debut of eyeglasses maker Warby Parker and comes ahead of sneaker retailer Allbirds’ anticipated IPO.

What is the plan for rent the runway?

According to Hyman, Rent the Runway plans to use the capital raised in its debut to pursue expansion opportunities, including international growth and launching into new categories. The IPO was led by Goldman Sachs, Morgan Stanley and Barclays. Rent the Runway is a CNBC Disruptor 50 company.

How much did rent the runway's IPO cost?

On Tuesday, Rent the Runway’s IPO had priced at the top end of its expected range. It sold 17 million shares for $21 each, after marketing 15 million shares for between $18 and $21. The listing follows the public debut of eyeglasses maker Warby Parker and comes ahead of sneaker retailer Allbirds’ anticipated IPO.

Is rent the runway a 'closet in the cloud'?

The company has since expanded beyond weekend dress rentals, aiming to offer women a “closet in the cloud” through subscriptions. Rent the Runway has focused on getting women to pay a monthly subscription fee to access a wide range of apparel, jewelry and bags, with a particular emphasis on trendy workwear.