Torrid Holdings (CURV) IPO 11% Higher

Today's IPO for Torrid Holdings Inc. (NYSE: CURV) opened for trading at $23.25 after pricing 11.0 million shares of its common stock to be sold by certain of Torrid’s existing shareholders at a price of $21.00 per share.

Morgan Stanley, BofA Securities, Inc., Goldman Sachs & Co. LLC and Jefferies LLC are acting as joint lead book-running managers for the offering. Baird, Cowen and William Blair are acting as joint book-running managers for the offering. Telsey Advisory Group LLC is acting as a co-manager for the offering.

TORRID is a direct-to-consumer brand of apparel, intimates and accessories in North America targeting the 25- to 40-year old woman who is curvy and wears sizes 10 to 30. TORRID is focused on fit and offers high quality products across a broad assortment that includes tops, bottoms, denim, dresses, intimates, activewear, footwear and accessories.

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