PE-backed Revolve files for IPO

Cerritos, California-based Revolve, an online fashion retailer, has filed for an IPO. The number of shares that will be sold as well as its pricing terms have yet to be set. Revolve plans on listing the stock on the New York Stock Exchange under the ticker symbol “RVLV.” Morgan Stanley, Credit Suisse Securities (USA) LLC and BofA Merrill Lynch will serve as lead underwriters. Revolve is backed by TSG Consumer Partners.

PRESS RELEASE

CERRITOS, Calif., Sept. 29, 2018 / PRNewswire / – Advance Holdings, LLC (soon to be renamed Revolve Group, Inc., REVOLVE ) today announced that it was applying to the Securities and Stock Securities Commission US applications for S-1 form for registration of the upcoming primary offer of common shares. The number of shares offered and the price range have not yet been determined. REVOLVE also plans to apply for the admission of its common shares to the official trading on the New York Stock Exchange under the symbol “RVLV.”
Joint administrators of the subscription for shares during the forthcoming IPO will speak to Morgan Stanley & Co.

LLC, Credit Suisse Securities ( USA ) LLC and BofA Merrill Lynch. Barclays Capital Inc. and Jefferies LLC will act as an IPO manager, and Cowen and Company, LLC, Guggenheim Securities, LLC, Raymond James & Associates, Inc. and William Blair & Company, LLC will co-manage the initial offer.

The primary offer of shares will be made through a prospectus. As the copy of the preliminary prospectus of this IPO is available, it will be available from Morgan Stanley & Co. LLC. (address: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, tel: 1-866-718-1649); or from Credit Suisse Securities ( USA ) LLC (address: Prospectus Department, One Madison Avenue, New York, NY 10010, phone 1-800-221-1037, email newyork.prospectus@credit-suisse.com ).

The application for registration of the relevant securities was also filed with the Securities and Stock Market Commission, but has not yet entered into force. Until approval and entry into force of the application, these securities are not subject to purchase or sale.

This press release does not constitute an offer to sell or purchase any securities. The sale of such securities in any jurisdictions where such proposals are prohibited will not be made prior to the registration or qualification of such securities in accordance with the laws of such jurisdictions.