Advertisement
06/08/2021

Torrid files for IPO

Marianne Wilson
Editor-in-Chief
Marianne Wilson profile picture

Torrid Holdings Inc. has resumed its plans to go public.

The plus-size young women’s apparel retailer has filed for an initial public offering. Torrid, which operates 608 stores nationwide,
previously filed to go public in 2017, eventually withdrawing its filing. The company plans to apply for listing on the New York Stock Exchange under symbol "CURV."

Torrid was originally part of Hot Topic Inc., which was acquired by Sycamore in 2013 for about $600 million. Torrid was spun off in 2015. The company said that e-commerce represented 70% of its net sales in 2020.

“We believe Torrid stands to benefit from thriving cultural movements involving female empowerment, body positivity and socially influenced purchasing," the retailer said in its filing.

The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined.