The Real Real sees impressive IPO

Secondhand luxury retailer The Real Real saw their shares jump 50 percent in the first hours of trading after raising 300 million dollars in their initial public offering. The news was reported by CNBC. The shares jumped from an IPO of 20 dollars a piece to almost 30 dollars in trading on the NASDAQ with the symbol REAL. The Real Real's preliminary market value has been set at 2.49 billion dollars.