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Fashion Retail Site Poshmark to Delay IPO Until 2020

In this photo illustration a Poshmark logo seen displayed on
Photographer: Rafael Henrique/SOPA Images/LightRocket via Getty Images

Poshmark Inc., an online resale marketplace for second-hand clothing, has delayed plans for an initial public offering until next year, according to people familiar with the matter.

The Redwood City, California-based company has put off the potential IPO to focus on boosting sales and improving its execution, said the people, who asked to not be identified because the matter isn’t public.