Rent the Runway (RENT) started trading above its IPO price on Wednesday before dipping below that level over the course of the session. Shares closed the session down 8% at $19.29 each. The stock had opened at $23 per share after the fashion rental company priced its debut at $21 each, at the top of its marketed range.
The company raised $357 million in the public offering.
Rent the Runway offers subscribers “the world’s largest shared closet” of over 18,000 styles by more than 750…
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