Recent IPO pricing terms announced July 20, 2026, anchor trader sentiment for Reformation’s closing market cap, with the sustainable apparel retailer targeting a valuation up to $1 billion via shares priced at $15–$17 and potential proceeds near $239 million. This range implies a post-offering equity value centered around $886 million to $1 billion, consistent with 2025 net revenue of $507 million and continued 30% year-over-year growth in early 2026. Comparable direct-to-consumer fashion multiples and the company’s strong DTC margins and store expansion to 70 locations support the tight clustering of probabilities near 50% across sub-$800 million to $1.4 billion+ buckets. The near-term NYSE listing under ticker REF, expected around July 30, introduces final pricing volatility and share-count adjustments as primary swing factors.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$1.4B-$1.6B 42%
$800M-$1B 40%
$1B-$1.2B 40%
No IPO before October 2026 39%
NEW
NEW
Jul 30, 2026
<$800M
38%
$800M-$1B
40%
$1B-$1.2B
40%
$1.2B-$1.4B
37%
$1.4B-$1.6B
42%
$1.6B+
37%
No IPO before October 2026
39%
$1.4B-$1.6B 42%
$800M-$1B 40%
$1B-$1.2B 40%
No IPO before October 2026 39%
NEW
NEW
Jul 30, 2026
<$800M
$109 Vol.
38%
$800M-$1B
$0 Vol.
40%
$1B-$1.2B
$0 Vol.
40%
$1.2B-$1.4B
$105 Vol.
37%
$1.4B-$1.6B
$0 Vol.
42%
$1.6B+
$0 Vol.
37%
No IPO before October 2026
$0 Vol.
39%
This market will resolve based on Reformation's market capitalization at the closing price on its first day of trading.
As of market creation, the IPO is scheduled to price on July 30 (ET). If no such IPO occurs by September 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before October 2026".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.Recent IPO pricing terms announced July 20, 2026, anchor trader sentiment for Reformation’s closing market cap, with the sustainable apparel retailer targeting a valuation up to $1 billion via shares priced at $15–$17 and potential proceeds near $239 million. This range implies a post-offering equity value centered around $886 million to $1 billion, consistent with 2025 net revenue of $507 million and continued 30% year-over-year growth in early 2026. Comparable direct-to-consumer fashion multiples and the company’s strong DTC margins and store expansion to 70 locations support the tight clustering of probabilities near 50% across sub-$800 million to $1.4 billion+ buckets. The near-term NYSE listing under ticker REF, expected around July 30, introduces final pricing volatility and share-count adjustments as primary swing factors.
This market will resolve based on Reformation's market capitalization at the closing price on its first day of trading.
As of market creation, the IPO is scheduled to price on July 30 (ET). If no such IPO occurs by September 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before October 2026".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
As of market creation, the IPO is scheduled to price on July 30 (ET). If no such IPO occurs by September 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before October 2026".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
Market Opened: Jul 21, 2026, 6:39 PM ET
Volume
$214End Date
Jul 30, 2026Market Opened
Jul 21, 2026, 6:39 PM ETResolver
0x69c47De9D...This market will resolve based on Reformation's market capitalization at the closing price on its first day of trading.
As of market creation, the IPO is scheduled to price on July 30 (ET). If no such IPO occurs by September 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before October 2026".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.Recent IPO pricing terms announced July 20, 2026, anchor trader sentiment for Reformation’s closing market cap, with the sustainable apparel retailer targeting a valuation up to $1 billion via shares priced at $15–$17 and potential proceeds near $239 million. This range implies a post-offering equity value centered around $886 million to $1 billion, consistent with 2025 net revenue of $507 million and continued 30% year-over-year growth in early 2026. Comparable direct-to-consumer fashion multiples and the company’s strong DTC margins and store expansion to 70 locations support the tight clustering of probabilities near 50% across sub-$800 million to $1.4 billion+ buckets. The near-term NYSE listing under ticker REF, expected around July 30, introduces final pricing volatility and share-count adjustments as primary swing factors.
This market will resolve based on Reformation's market capitalization at the closing price on its first day of trading.
As of market creation, the IPO is scheduled to price on July 30 (ET). If no such IPO occurs by September 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before October 2026".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
As of market creation, the IPO is scheduled to price on July 30 (ET). If no such IPO occurs by September 30, 2026, 11:59 PM ET, the market will resolve to "No IPO before October 2026".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
Volume
$214End Date
Jul 30, 2026Market Opened
Jul 21, 2026, 6:39 PM ETResolver
0x69c47De9D...Recent IPO pricing terms announced July 20, 2026, anchor trader sentiment for Reformation’s closing market cap, with the sustainable apparel retailer targeting a valuation up to $1 billion via shares priced at $15–$17 and potential proceeds near $239 million. This range implies a post-offering equity value centered around $886 million to $1 billion, consistent with 2025 net revenue of $507 million and continued 30% year-over-year growth in early 2026. Comparable direct-to-consumer fashion multiples and the company’s strong DTC margins and store expansion to 70 locations support the tight clustering of probabilities near 50% across sub-$800 million to $1.4 billion+ buckets. The near-term NYSE listing under ticker REF, expected around July 30, introduces final pricing volatility and share-count adjustments as primary swing factors.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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