Rent the Runway has filed paperwork with US regulators for an upcoming initial public offering (IPO) as the clothing rental industry booms.
The clothing company has not divulged the number of shares on offer or the estimated price range as of yet.
Rent the Runway was founded in 2009 and allows its users to rent clothes as well as browse second-hand or vintage products from over 750 designer brands, including Jason Wu dresses, Ulla Johnson jumpsuits, Tory Burch handbags and Madewell jeans.
The company allows users to choose a one-time rental that lasts for either four or eight days with memberships starting at $69.
