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Rent the Runway Files IPO

The company closed its physical stores last March.

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Shoppers lined up for a Rent the Runway event in New York in 2014. [rblfmr / Shutterstock.com]

Rent the Runway (New York) has confidentially filed paperwork for an IPO with the Securities and Exchange Commission (SEC), according to a company press release.

The price range for the proposed offering as well as number of shares has not yet been determined. A date for the IPO has also not been set, but the company says it expects it to take place after the SEC’s review of its filing.

The fashion rental retailer was founded in 2009 and allows shoppers to rent, subscribe or shop for resale items from more than 750 brands. Last March, it closed its physical stores in order to focus on drop-box locations, reports Retail Dive.

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