Anthony Hughes is senior reporter, equities, for IFR where he covers developments in US equity capital markets. He previously worked as a financial reporter and columnist for the Australian Financial Review and, prior to that, as investment editor at the Sydney Morning Herald.
Grocery Outlet, a sponsor-backed “extreme value” supermarket chain, today upped the marketing range for its Nasdaq IPO amid heavy investor demand.
The name says it all. Central to the premise behind The RealReal, the online luxury goods consignment marketplace that launched an up to US$285m Nasdaq IPO this morning, is convincing buyers of second-hand luxury clothes, bags and jewelry they are purchasing not fakes but the real deal.
Pet e-tailer Chewy easily shed concern about the financial pressures facing parent PetSmart to deliver a robust pricing outcome on its US$1.02bn IPO and an impressive NYSE debut on Friday.