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Off-price e-commerce retailer Rue Gilt Groupe (RGG), which operates Rue La La, has withdrawn its filing for a $100M initial public offering.
Rue Gilt originally filed for the IPO in November 2021, but hadn’t updated the filing since. The company indicated in its S-1 filing tit was seeking to raise up to $100M, a number that was most likely a placeholder and subject to change.
Based in Boston, Rue Gilt operates off-price e-commerce sites Rue La La, Gilt and Simon Shop Premium Outlets.
For a more in-depth look at Rue Gilt, check out SA contributor Donovan Jones’s “Rue Gilt Group Targets US IPO for Growth Plans.”
Image and article originally from seekingalpha.com. Read the original article here.