Fashion Apparel Brand Reformation Inc. Debuts on US Stock Exchange, Shares Edge Higher in Early Trading
Stock News
Jul 31
On Thursday, fashion women's apparel brand Reformation Inc. (REF.US) made its debut on the US stock market. As of press time, the stock was trading up over 1.5% at $15.20.
The initial public offering price was set at $15 per share. Financial data shows that for the 13-week period ending March 28, Reformation Inc. generated revenue of $112.3 million, up from $86.1 million in the same period last year. However, its net loss widened to $12.1 million, compared to a net loss of $5.6 million in the prior year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.