Revolve Group Inc., the Los Angeles-based online apparel retailer targeting Millennial women, filed documents for an initial public offering on the New York Stock Exchange under the symbol RVLV.
The Cerritos, CA, apparel retailer logged third-quarter net income of $10.5 million on sales of $131.8 million, up from net income of $5.3 million and sales of $107.9 million in the year-earlier quarter.
In the Securities and Exchange Commission filing, the company said it plans to raise $100 million, but that number is often a placeholder which it will update as it get closer to listing the stock.
Morgan Stanley, Credit Suisse and BofA Merrill Lynch are among the banks listed as underwriters for the offering.
