Apparel Brand Reformation Aims for $239 Million in IPO

Sustainable apparel company Reformation aims to raise up to $239 million when it goes public. The company and its investors plan to market roughly 14 million shares at a range of $15 to $17 apiece, Reformation said in a Monday (July 20) Securities and Exchange Commission (SEC) filing , giving it a market value of up to $1 billion. The 17-year-old company’s initial public offering (IPO) is expected to price July 29, Bloomberg News reported , citing a market presentation.