Reformation and Permira seek up to $239 million in US IPO

The sustainable womenswear brand and its private equity backer are pursuing a U.S. listing that could raise as much as $239 million.

Summary

Sustainable womenswear brand Reformation and private equity backer Permira are seeking to raise up to $239 million through a U.S. initial public offering. The deal points to another consumer-facing company testing public markets as issuers gauge investor demand for new listings.

Terms & Concepts
  • IPO: initial public offering of shares
  • private equity: investment in companies outside public markets