Snapshot from Aug 17, 2026 at 07:00 UTC. For live data and tracking: View Live
Business initial public offering

Reformation IPO priced at $15

Analysis based on 19 articles · First reported Jul 20, 2026 · Last updated Jul 31, 2026

Sentiment
40
Attention
3
Articles
19
Market Impact
General
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The IPO provides Reformation with access to public capital markets, potentially fueling expansion. The pricing at $15 per share, at the low end of the expected range, may indicate cautious investor sentiment but still represents a significant milestone for the sustainable fashion sector.

apparel retail

Reformation Inc., a sustainable womenswear brand, announced the pricing of its initial public offering of 14,062,500 shares of common stock at $15.00 per share. The shares are expected to begin trading on the New York Stock Exchange on July 30, 2026 under the ticker symbol 'REF'. The offering includes shares from the company and selling stockholders, with underwriters granted a 30-day option to purchase additional shares. The registration statement was declared effective by the SEC on July 29, 2026. J.P. Morgan and Morgan Stanley are joint lead bookrunning managers, with Citigroup, Royal Bank of Canada — RBC Capital Markets, Guggenheim Securities, Baird, William Blair, BTIG, and Telsey Advisory Group also involved.

stock
Reformation is the issuer in the IPO, offering shares to the public. The event provides the company with capital and public market visibility.
Importance 100.0 Sentiment 50.0
stock
J.P. Morgan acted as joint lead bookrunning manager, earning underwriting fees and enhancing its IPO advisory reputation.
Importance 30.0 Sentiment 10.0
stock
Morgan Stanley acted as joint lead bookrunning manager, earning underwriting fees and enhancing its IPO advisory reputation.
Importance 30.0 Sentiment 10.0
govactor
The SEC declared Reformation's registration statement effective, enabling the IPO to proceed.
Importance 20.0 Sentiment 0.0
exch
The NYSE will list Reformation's shares under ticker REF, generating listing fees and trading activity.
Importance 20.0 Sentiment 0.0
stock
Citigroup acted as joint bookrunning manager, earning underwriting fees.
Importance 20.0 Sentiment 5.0
subs
Royal Bank of Canada — RBC Capital Markets acted as joint bookrunning manager, earning underwriting fees.
Importance 20.0 Sentiment 5.0
priv
Guggenheim Securities acted as additional bookrunning manager, earning underwriting fees.
Importance 15.0 Sentiment 5.0
priv
Baird acted as additional bookrunning manager, earning underwriting fees.
Importance 15.0 Sentiment 5.0
priv
William Blair acted as additional bookrunning manager, earning underwriting fees.
Importance 15.0 Sentiment 5.0
priv
BTIG acted as additional bookrunning manager, earning underwriting fees.
Importance 15.0 Sentiment 5.0
priv
Telsey Advisory Group acted as co-manager, earning underwriting fees.
Importance 10.0 Sentiment 5.0
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