Reformation stock closes 8 cents above IPO price in muted market debut

Shares of Reformation Inc. opened flat on Thursday after making their public debut on the New York Stock Exchange (NYSE). The women’s clothing retailer, backed by private equity firm Permira, saw its stock remain at roughly $15, the same price of its initial public offering per share. Shares were priced late Wednesday

The womenswear brand raised $210.9 million in its IPO, pricing at the low end of its projected range