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Second hand clothing marketplace Poshmark files for IPO

By Lauren Fruncillo September 29, 2020 - 12:35 pm

Poshmark a second-hand clothing marketplace has announced that they will finally be filing for an IP after they delayed their initial IPO last year. The press release from the company is detailed below.

Poshmark, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.

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1 hour ago
Ross K: Give it a rest ifellow. You are now dominating every thread on here with your negativity...
5 hours ago
ifellow: @bern Maybe your kids are like 35 and been on benefits for 25 years and still...
5 hours ago
ifellow: The sad part is, that's prob a best-case scenario, whos got sponsored listings at 5%...
5 hours ago
ifellow: I mean if you bought that item for £4.00 you'd be making pretty a loss....