Poshmark, a peer-to-peer manner e-commerce website, submitted on Thursday with the SEC to increase up to $100 million in an initial general public presenting.
The corporation operates a social market that combines the human connection of a physical buying experience with the scale, arrive at, relieve, and choice rewards of e-commerce. Its proprietary e-commerce technologies lets seamless, secure transaction abilities in a hugely distributed network across thousands and thousands of prospective buyers and sellers, without having obtaining to touch or have actual physical inventory. As of September 30, 2020, there were in excess of 201 million secondhand and new things for sale throughout 9,431 brands on the market, facilitated by 31.7 million Lively End users, 6.2 million Active Customers, and 4.5 million Energetic Sellers.
The Redwood Metropolis, CA-primarily based enterprise was launched in 2011 and booked $247 million in revenue for the 12 months ended September 30, 2020. It designs to listing on the Nasdaq less than the image POSH. Poshmark filed confidentially on September 25, 2020. Morgan Stanley, Goldman Sachs, Barclays, Stifel, William Blair, Raymond James, Cowen, and JMP Securities are the joint bookrunners on the offer. No pricing phrases were being disclosed.
The post Fashion e-commerce system Poshmark data files for a $100 million IPO at first appeared on IPO investment decision supervisor Renaissance Capital’s net web-site renaissancecapital.com.
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