Medical scrubs company Figs files for IPO

Figs Inc. , the direct-to-consumer healthcare apparel and lifestyle brand that sells items like medical scrubs, face masks and shields, has filed paperwork with the Securities and Exchange Commission to go public. The company plans to trade on the New York Stock Exchange under the ticker “FIGS.” Lead underwriters for the IPO are Goldman Sachs and Morgan Stanley. Figs has set a target of raising $100 million, typically a placeholder amount. The Renaissance IPO ETF has slumped 14.5% for the year to date while the S&P 500 index has gained 11.1% for the period.

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