Deals
Poshmark Files for IPO Saying It Became Profitable This Year
- Online marketplace became profitable during pandemic
- Poshmark joins wave of consumer-facing companies with IPOs
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Poshmark Inc., an online resale marketplace for second-hand clothing, filed for an initial public offering, disclosing revenue gains and a profit during the coronavirus pandemic.
The Redwood City, California-based company in its filing Thursday with the U.S. Securities and Exchange Commission listed the size of the offering as $100 million, a placeholder that will likely change.