Reformation completes $210.9 million IPO at $15.00 per share; new charter takes effect
Reformation Inc. completed its initial public offering on July 31, 2026, selling 14,062,500 shares of common stock at $15.00 per share, including 4,583,679 shares sold by selling stockholders. The company said it received no proceeds from the selling stockholders' shares, and it reported aggregate gross proceeds of approximately $210.9 million before underwriting discounts, commissions and estimated offering expenses. Its amended and restated certificate of incorporation and bylaws took effect on the same date, which sets the governing rules for shareholders going forward.
Key points
- IPO closed July 31, 2026: 14,062,500 shares at $15.00 per share
- Includes 4,583,679 shares sold by selling stockholders; the company received no proceeds from those shares
- Aggregate gross proceeds of approximately $210.9 million before underwriting discounts and estimated expenses
- Amended and restated certificate of incorporation and bylaws effective July 31, 2026
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.