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Luxury Ecommerce Company RUE GILT GROUPE Files for $15 Million US IPO

Esther Thin

Rue Gilt Groupe Inc, a luxury off-price eCommerce company, has filed Form S-1 Registration Statement on November 12, 2021 with the U.S. Securities and Exchange Commission to raise up to $15 million IPO. Pricing terms are yet to announce.

The company is delivering a daily curated, high-end shopping experience for members and operates primarily through RueLaLa and Gilt, two eCommerce destinations that were purpose built for online and off-price.

The Boston, Massachusetts-based company was founded in 2007 and booked $702 million in sales for the 12 months ended September 30, 2021. It plans to list on the Nasdaq under the symbol “RGG. Rue Gilt Groupe filed confidentially on August 20, 2021. Citi, BofA Securities, Wells Fargo Securities, Cowen, Piper Sandler, and William Blair are the underwriters of the IPO.

The company engages Morgan, Lewis & Bockius LLP as US Securities Counsel, and KPMG LLP as Independent Auditor.

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