VC-backed Poshmark raises $277m for IPO: Bloomberg

Redwood City, California-based Poshmark, an online marketplace for second-hand goods, raised $277 million for its IPO after pricing its 6.6 million shares at $42 per share, reported Bloomberg.

Redwood City, California-based Poshmark, an online marketplace for second-hand goods, raised $277 million for its IPO after pricing its 6.6 million shares at $42 per share, reported Bloomberg. The stock began trading January 14, 2021 on the NASDAQ under the ticker symbol “POSH.” Morgan Stanley, Goldman Sachs Group Inc. and Barclays Plc are leading the IPO. Poshmark’s pre-IPO backers include Mayfield, Menlo Ventures, GGV Capital, Temasek, Inventus Capital, Uncork Capital, Union Grove Venture Partners, Shea Ventures and AngelList.

Source: Bloomberg