Reformation Prices Initial Public Offering at $15 Per Share

Fashion brand Reformation has priced its initial public offering (IPO) at $15 per share. The company is offering its common stock publicly for the first time on the New York Stock Exchange.

The offering includes 14,062,500 shares. Reformation describes itself as an environmentally conscious brand, utilizing sustainable materials in its production processes.

With this public offering, the company anticipates raising substantial capital. This funding is intended to support Reformation's future growth initiatives and its expansion into international markets.

Trading of Reformation's shares is expected to commence later this month. Previously backed by private equity investors, the IPO will broaden the company's ownership base.