Retailer Torrid cancels plans for initial public offering
Plus-sized women's apparel retailer Torrid Inc. pulled its plans for an initial public offering late Friday, according to a filing with the Securities and Exchange Commission. Torrid, which filed for an IPO in July 2017, had planned to raise up to $100 million and list on the New York Stock Exchange. "The company believes that the withdrawal of the registration statement would be consistent with the public interest and the protection of investors," Torrid said in its Friday filing. The retailer was spun off in 2015 from Hot Topic, which was taken private by Sycamore Partners back in 2013.
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