Deals
Secondhand Clothing Site ThredUP Raises $168 Million in IPO
A worker hangs clothing on a conveyor system at a ThredUp sorting facility in Phoenix in 2019.
Photographer: Matt York/AP Photo
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ThredUp Inc., an online marketplace for secondhand clothing, raised $168 million in an initial public offering priced at the top of a marketed range.
The Oakland, California-based company sold 12 million shares Thursday for $14 each after marketing them for $12 to $14, according to a statement. ThredUp has a market value of $1.27 billion based on the outstanding shares listed in its filings.