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06/25/2021

Torrid IPO values company at $2.3 billion

Marianne Wilson
Editor-in-Chief
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Torrid Holdings has set the terms for its initial public offering. 

The plus-size young women's apparel retailer plans to offer 8 million shares priced at $18 to $21 each.  At the top of the proposed range, Torrid would raise   $168 million and have a valuation of $2.3 billion.  The company has applied to list on the New York Stock Exchange under the ticker "CURV." 

Torrid, which operates 608 stores nationwide, previously filed to go public in 2017. It eventually withdrew its filing.  

"Torrid is on a mission to be the best direct-to-consumer apparel and intimates brand in North America by providing an unparalleled fit and experience that empowers curvy women to love the way they look and feel," the company stated in its IPO filing documents.

Torrid was originally part of Hot Topic Inc., which was acquired by Sycamore in 2013 for about $600 million.