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RVLV Forms IPO Base

New IPO Revolve Group has formed a short IPO base with a potential entry of 48.46. Revolve came public in late June at 18 a share, but shot up 69% in its debut. Revolve is an online retailer aimed at millennials and Gen Z. It claims its algorithms let it spot fashion trends. For investors, Revolve has solid sales growth and is already profitable.