Wednesday, June 13, 2018

LA's Revolve Seeks IPO

Los Angeles-based Revolve, an online clothing retailer that sells clothing to both women and men, is getting set for an IPO, according to a report from the WSJ. The Wall Street Journal--citing anonymous sources--said Revolve was interviewing investment bankers to lead the effort, which would value Revolve at more than $1 billion. Revolve was founded by former dot-com veterans Michael Mente and Mike Karanikolas, over 10 years ago. Mente and Karanikolas had been at Newport Beach-based NextStrat.