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.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)