How Revolve Plans to Keep Growing Post-IPO
Revolve , an online designer store, successfully IPO'd Friday, June 7.
The company, which originally priced around $16 to $18 a share, started trading at $25 a share.
Back in 2018, Revolve reported $498.7 million in net sales and $36 million in net income.
Also in 2018, Revolve had around 9.4 million unique visitors per month, per the company's website.
The company relies heavily on Instagram and influencers to promote and market their products, and the products are mostly geared toward millennial and Gen Z women.
Jesse Timmermans, CFO of Revolve, talked to TheStreet about the road to IPO and how the company expects to grow in the next five years.
"I think there is still tremendous growth coming from the core revolves segment.
We see domestic Revolve growth continuing.
Also a lot of opportunities internationally.
We've created a brand internationally with a significant following from our influencers there.
We also have created a portfolio of 22 owned brands.
So we continue to really drive the latest to go to styles through data to our customers," said Timmermans.
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