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How Revolve Group (RVLV) is introducing Wall Street to FashTech
For Immediate Release – June 10th, 2019
Short-Term Price Target $50 and “beyond”
Citron has never commented on an IPO, but sometimes as an investor you read something so compelling you have to share. In this case it is the S-1 filing for Revolve Group. Citron tweeted as Revolve opened for trading at $27 as we think the stock will hit $50 as soon as investors read the S-1 and understands how Revolve has revolutionized Fashtech.
Even the harshest skeptic cannot help but be impressed at the abundance of data supplied by Revolve in their IPO prospectus that illustrate more impressive unit economics than we have seen from any e-commerce IPO.
Revolve – The business is as beautiful as the models
For those who don’t know, Revolve is the leading online destination targeted towards millennial consumers seeking premium fashion. Citron is excited that we get to highlight this business before any sell side research has a chance to opine.
Even the most cynical short or market critic can’t help but be impressed and awed at what Revolve has built and its future prospects.
Without further editorial… below are what we believe to be some of the KPI’s that make the business as sexy as the pictures.