Our top pick for
Building a portfolio
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
Rent the Runway stock is not yet available to purchase on any exchange. But it's expected to go public soon. Here's what we know — and how to buy in when it launches.
Rent the Runway is a women’s rental clothing company that was founded in 2009. It allows customers to rent designer clothing and accessories online through subscriptions or on a one-time basis. Rent the Runway leases these products to deliver to consumers on a rental basis and identifies itself as a logistics business.
The company is headquartered in New York City. While Rent the Runway offers very little public information about its financials, it was reportedly valued at $1 billion in March 2020. However, struggling with maintaining operations at full capacity during the COVID-19 pandemic has caused its valuation to sink.
The pandemic also forced Rent the Runway to close all its brick-and-mortar stores. The company reported to CNBC in August 2020 that it doesn't plan to reopen its stores and it will instead focus on digital services and expanding drop-off sites. Rent the Runway also responded to the coronavirus-driven challenges by making layoffs and financial cuts.
However, CEO and founder Jennifer Hyman has voiced optimism over operations into 2021. It’s still in the market to raise money and potentially eying an IPO. We will update this listing and provide information such as initial stock share price as soon as it becomes available.
Once Rent the Runway goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Rent the Runway can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Steps to owning and managing SSNC, with 24-hour and historical pricing before you buy.
Steps to owning and managing SMBC, with 24-hour and historical pricing before you buy.
Steps to owning and managing SMED, with 24-hour and historical pricing before you buy.
Steps to owning and managing SJW, with 24-hour and historical pricing before you buy.
Steps to owning and managing SFBS, with 24-hour and historical pricing before you buy.
Steps to owning and managing LEDS, with 24-hour and historical pricing before you buy.
Steps to owning and managing SC, with 24-hour and historical pricing before you buy.
Steps to owning and managing RTW, with 24-hour and historical pricing before you buy.
Steps to owning and managing RIVE, with 24-hour and historical pricing before you buy.
Steps to owning and managing RVSB, with 24-hour and historical pricing before you buy.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.