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Report: Online clothing retailer Revolve weighs IPO

Los Angeles-based Revolve is looking to file for an IPO in late 2018 that could value the online clothing retailer at more than $1 billion, The Wall Street Journal reported June 12, citing people familiar with its plans.

The company, founded in 2003, reportedly in the week of June 4 met with bankers who pitched for roles underwriting its public offering.

The Journal said Revolve could look to capitalize on the excitement surrounding another online retailer, Stitch Fix Inc., whose shares on June 12 traded 65% above their $15 offer price in November 2017.