Rue Gilt Groupe Files For IPO

Off-price, luxury e-commerce company Rue Gilt Groupe on Friday filed a Form S-1 registration statement with the Securities and Exchange Commission indicating plans for an initial public offering of its stock. The IPO targets $100 million to be raised on the Nasdaq with the expected ticker symbol of “RGG.” The retailer reported a net loss of $12.6 million on net revenue of $516.5 million in the nine months ending on Oct. 2, compared to a $20.1 million loss on $385.9 million during the same period the previous year. Read more at Retail Dive.

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