Secondhand fashion site TheRealReal soars on Wall Street debut

Shares rise more than 45% as investors are won over by US firm’s sustainability messageShares in The RealReal, the US secondhand luxury fashion website, jumped more than 40% after their Wall Street debut as investors cashed in on the growing buzz around the circular economy in fashion.The San Francisco-based tech firm, founded by its chief executive, Julie Wainwright, argues it is making the £1tn global luxury industry more sustainable by extending the life cycle of expensive handbag