While Wall Street has, of late, favored artificial intelligence chips, drones and rockets, Los Angeles’ newest public company isn’t a usual suspect. “They’ve always had ambition for growth,” Ramirez said. As a public company, keeping prices accessible may be important as high inflation and rising costs make consumers pull back from spending on fashion and beauty. A rare fashion debutReformation’s unlikely climb from a vintage upcycling shop to a near-billion-dollar company stands out in a dispirited consumer retail IPO market. Now, as the doors to the IPO market reopen after several sluggish years, few consumer retail brands squeeze through.