US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

US IPOs and Secondary Offerings

Reformation (REF): Premium Brand, Premium Price: Investors Weigh Reformation's IPO

Reformation (REF): Disciplined Pricing Helps Fashion Brand Deliver a Steady Market Debut

Reformation Inc. (REF): Peeking at the IPO Prospectus of a Womenswear Brand

IPOs and Secondary Offerings

Equity Capital Markets

<ul>
<li>Reformation (REF US) launches its IPO roadshow, seeking a valuation of up to $1.0 billion for its premium sustainable womenswear brand.</li>
<li>The company has delivered strong growth, generating $507 million in 2025 revenue, 64%+ gross margins, and $45 million of Adjusted EBITDA.</li>
<li>REF’s debut will test investor appetite for consumer brands, balancing strong loyalty and growth against traditional apparel sector challenges.</li>
</ul>


Reformation (REF US) launches its IPO roadshow, seeking a valuation of up to $1.0 billion for its premium sustainable womenswear brand.
The company has delivered strong growth, generating $507 million in 2025 revenue, 64%+ gross margins, and $45 million of Adjusted EBITDA.
REF’s debut will test investor appetite for consumer brands, balancing strong loyalty and growth against traditional apparel sector challenges.


Reformation Inc. (REF): Womenswear Brand to Test Market, Sets Terms Seeking $1.0b Valuation