After pricing at the high end of its expected range, Vera Bradley Inc. ended its first day of over the-counter trading by spiking up 55.3 percent in its initial public offering debut.
The 28-year-old handbag and accessories firm, founded by Barbara Bradley Baekgaard and Patricia R. Miller, priced its IPO of 11 million shares of common stock at $16 a share, raising $176 million. The shares, which trade under the symbol “VRA,” opened at $23 and closed at $24.85.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"