Rent the Runway – $357 Million IPO

Boston – October 29, 2021 – Cooley advised the underwriters of fashion ecommerce platform Rent the Runway’s $357 million initial public offering of 17,000,000 shares of its Class A common stock, which now trade on the Nasdaq Global Select Market under the symbol RENT. Lawyers Nicole Brookshire, Christina Roupas, Minkyu Park, Rebecca Warner and Leah Duncan led the Cooley team advising Rent the Runway.

Goldman Sachs, Morgan Stanley and Barclays Capital acted as lead book-running managers for the proposed offering, while Credit Suisse Securities (USA), Piper Sandler, Wells Fargo Securities, JMP Securities and KeyBanc Capital Markets acted as joint book-running managers. Telsey Advisory Group acted as co-manager for the offering.

Founded in 2009, Rent the Runway is disrupting the trillion-dollar fashion industry and changing the way women get dressed through its Closet in the Cloud, the world’s first and largest shared designer closet. The company’s mission has remained the same since its founding – powering women to feel their best every day. Through Rent the Runway, customers can subscribe, rent items a la carte and shop for resale products from more than 750 designer brands.

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Related Contacts
Nicole Brookshire  Partner Boston
Christina T. Roupas  Partner Chicago
Rebecca L. Warner  Associate New York
Leah Duncan  Associate Chicago
John Paul Oleksiuk  Partner New York, Los Angeles
Thomas Connors  Partner Boston
Mika Reiner Mayer  Partner Palo Alto
Nyron J. Persaud  Partner New York, Chicago
Stephanie Gentile  Partner New York
Jodie Bourdet  Partner San Francisco
Gabrielle Whitehall  Associate Washington, DC
Charles George  Associate London
Patrick M. Stewart  Associate Colorado
Kristopher Kleiner  Associate Colorado
Veronica Caba  Paralegal Specialist New York
David Navetta  Partner Colorado
Patrick Gibbs  Partner Palo Alto
Francis Wheeler  Partner Colorado
Randy Sabett  Special Counsel Washington, DC
Rebecca Ross  Special Counsel Washington, DC
Minkyu Park  Associate New York
Ehijele Olumese  Associate Washington, DC
Daniel P. Herrmann  Associate New York
Danielle Crinnion  Associate Boston