SAN FRANCISCO – Online second-hand luxury retailer RealReal’s initial public offering saw the company raise US$300 million (£236 million) in net proceeds, giving it market capitalisation of US$2.32 billion and demonstrating the ever-increasing appeal of the second-hand clothing market.
This was part of a 40 per cent increase in shares of the company – which were initially offered at US$20 but later rose to $US28 – numbering over 17 million.
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