Novel Group-backed luxury goods marketplace The RealReal will raise $300m in an initial public offering in which it will float above its range.

The RealReal, a US-based second-hand luxury items reseller backed by telecommunications firm Novel Group, raised $300m in its initial public offering yesterday, issuing 15 million shares priced at $20 each. The company had targeted a range of $17 to $19 for its shares. It will begin trading on the Nasdaq Global Select Market today, with…

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