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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)