Rent the Runway, Inc.

General Information

Since our founding, we have disrupted the trillion-dollar fashion industry and changed the way women get dressed by creating the world’s first Closet in the Cloud: a dream closet filled with a massive selection of designer styles to rent, wear and return (or keep!).

We built the world’s first and largest shared designer closet — what we call the Closet in the Cloud — with over 18,000 styles by over 750 designer brands that has transformed the way women get dressed by letting them wear whatever they want, without having to own it. We give customers ongoing access to our “Unlimited Closet” through our Subscription offerings or the ability to rent a la carte through our Reserve offering. We also give our subscribers and customers the ability to buy our products through our Resale offering. Our Closet in the Cloud offers a wide assortment of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods and kidswear.

We have served over 2.5 million lifetime customers across all of our offerings and we had 126,841 total subscribers (active and paused) as of July 31, 2021. In the first six months of fiscal year 2021, 83% of our total revenue was generated by subscribers.

Industry: RETAIL - Internet & Mobile - Designer Clothing
Employees: 974
Founded: 2009
Contact Information
Address 10 Jay Street, Brooklyn, New York 11201, US
Phone Number (212) 524-6860
Web Address
View Prospectus: Rent the Runway, Inc.
Financial Information
Market Cap $1186.97mil
Revenues $149.2 mil (last 12 months)
Net Income $-167.6 mil (last 12 months)
IPO Profile
Symbol RENT
Exchange NASDAQ
Shares (millions): 17.0
Price range $21.00 - $21.00
Est. $ Volume $357.0 mil
Manager / Joint Managers Goldman Sachs/ Morgan Stanley/ Barclays/ Credit Suisse/ Piper Sandler/ Wells Fargo Securities/ JMP Securities/ KeyBanc Capital Markets
CO-Managers Telsey Advisory Group
Expected To Trade: 10/27/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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