Poshmark prices IPO above range as public markets continue to YOLO startups

Poshmark prices IPO above range as public markets continue to YOLO startups

3 years ago
Anonymous $y15ULlV7sG

https://techcrunch.com/2021/01/14/poshmark-prices-ipo-above-range-as-public-markets-continue-to-yolo-startups/

Yes, it’s another morning in which we have to discuss a venture-backed technology company going public at a price above its IPO range.

This time it’s Poshmark, which priced its IPO at $42 per share last night, comfortably ahead of its $35 to $39 range that already greatly boosted the company’s valuation. The consumer-to-consumer used fashion marketplace sold 6.6 million shares at its IPO price, raising a gross $277.2 million before other possible shares are sold.