Online clothing reseller Poshmark jumps more than 130% as it begins trading

Rafael Henrique | LightRocket | Getty Images Shares of online clothing reseller Poshmark popped more than 130% in the company’s market debut Thursday. The stock began trading at $97.50 per share. On Wednesday, Poshmark priced its IPO at $42 a share, giving it an initial valuation of more than $3 billion. The company previously said … Read more

UiPath files confidential IPO paperwork, could become one of New York City’s biggest tech companies

UiPath files for IPO, could become one of NYC’s biggest tech companies Search quotes, news & videos Source link

Online thrift store Poshmark files to go public after consecutive profitable quarters

Rafael Henrique | LightRocket | Getty Images Online clothing reseller Poshmark filed its IPO prospectus on Thursday, after racking up over $30 million in profit over the past two quarters. Poshmark, founded in 2011, is an internet marketplace for second-hand clothing, shoes and accessories. Like eBay, Poshmark connects buyers with sellers, who often list items … Read more

Discount marketplace Wish slides after opening below IPO price in market debut

Shares of discount e-commerce marketplace Wish fell more than 11% in the company’s market debut Wednesday. The opening trade was $22.75 per share, below its IPO pricing of $24 per share, which was at the high end of expectations. The offering raised $1.1 billion and gave the company an initial valuation of more than $14 … Read more

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