Reformation (REF) begins trading on NYSE Thursday with $15 IPO price

REF Reformation Inc

$13.02 +1.32%

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RL +0.60%

1. 1Women's apparel brand Reformation (REF) is set to begin trading on the New York Stock Exchange on Thursday
2. 2The IPO price is $15, with last year's revenue exceeding $500 million, marking 21 consecutive quarters of double-digit revenue growth
3. 3According to Renaissance Capital, the company's valuation stands at 1.5x projected 2027 revenue, described as conservatively priced

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