After raising $357M in its IPO, Rent the Runway closes at $19.29, down 8% from its $23 opening price, valuing the company at $1.2B (Bloomberg)

Bloomberg:
After raising $357M in its IPO, Rent the Runway closes at $19.29, down 8% from its $23 opening price, valuing the company at $1.2B  —  – Shares open above price in $357 million IPO before dropping  — CEO says company will push subscription sign-ups in marketing