Dive Brief:
Millennial-focused plus-size apparel retailer Torrid this week filed a Form S-1 registration statement with the Securities and Exchange Commission indicating plans for an initial public offering of its stock. Neither the number of shares to be offered nor their price range have been determined, according to a company press release.
If the company follows through, its ticker symbol would be CURV, per the filing. The proposal comes two years after withdrawing such a registration statement, which had been filed in 2017.
Even after going public, private equity owner Sycamore Partners would still
own a majority of the voting power of shares eligible to vote in the election of our directors, according to the filing.