Rent the Runway’s $357 Million Initial Public Offering

Latham & Watkins represented Rent the Runway in the offering.

Rent the Runway, Inc. has announced the pricing of its upsized initial public offering of 17,000,000 shares of its Class A common stock at a price to the public of US$21 per share. In addition, Rent the Runway has granted the underwriters a 30-day option to purchase up to an additional 2,550,000 of its Class A common stock. This represents an increase of 2,000,000 shares from the previously announced offering size of 15,000,000 shares. The shares began trading on The Nasdaq Global Select Market on October 27, 2021 under the ticker symbol “RENT.”

Rent the Runway is the premier subscription fashion service that powers people to rent designer styles for work, weekends and events.

Latham & Watkins represented Rent the Runway in the offering with a capital markets team led by New York partner Marc Jaffe (Picture) and Boston partner Emily Taylor, with New York associates Katie Lovejoy, Zoey Wu, Nick Gonzalez, and Young Joo. Advice was also provided on public company representation matters by New York partner Jenna Cooper, with New York associate Katie Marren; on benefits & compensation matters by New York partner Bradd Williamson, with New York associate Alisa Hand and Chicago associate Samantha Voutyras; on tax matters by New York partner Jocelyn Noll, with New York associate Colleen O’Donnell; on environment, land & resources matters by New York partner Gary Gengel, with New York associate Ben Einhouse; on data privacy & security matters by Washington, D.C. partner Tony Kim, with Bay Area associates Max Mazzelli and Jennifer Howes; on IP matters by New York partner Jeffrey Tochner and Bay Area partner JD Marple; on international compliance matters by New York partners Benjamin Naftalis and Erin Brown Jones; and on payments matters by Washington, D.C. partner Todd Beauchamp, with Washington, D.C. associate Loyal Horsley.

Involved fees earner: Todd Beauchamp – Latham & Watkins; Erin Brown Jones – Latham & Watkins; Jenna Cooper – Latham & Watkins; Benjamin Einhouse – Latham & Watkins; Gary Gengel – Latham & Watkins; Nicolas Gonzalez – Latham & Watkins; Alisa Hand – Latham & Watkins; Loyal Horsley – Latham & Watkins; Jennifer Howes – Latham & Watkins; Marc Jaffe – Latham & Watkins; Antony Kim – Latham & Watkins; Katherine Lovejoy – Latham & Watkins; Katherine Macrae Marren – Latham & Watkins; JD Marple – Latham & Watkins; Max Mazzelli – Latham & Watkins; Benjamin Naftalis – Latham & Watkins; Jocelyn Noll – Latham & Watkins; Colleen O’Donnell – Latham & Watkins; Emily Taylor – Latham & Watkins; Jeffrey Tochner – Latham & Watkins; Samantha Voutyras – Latham & Watkins; Bradd Williamson – Latham & Watkins; Zoey Wu – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: Rent The Runway, Inc.;