{"id":154704,"date":"2021-01-14T22:21:56","date_gmt":"2021-01-14T19:21:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/poshmark-more-than-doubles-its-value-in-blockbuster-nasdaq-debut\/"},"modified":"2021-01-14T22:21:56","modified_gmt":"2021-01-14T19:21:56","slug":"poshmark-more-than-doubles-its-value-in-blockbuster-nasdaq-debut","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/poshmark-more-than-doubles-its-value-in-blockbuster-nasdaq-debut\/","title":{"rendered":"#Poshmark more than doubles its value in blockbuster Nasdaq debut"},"content":{"rendered":"

“#Poshmark more than doubles its value in blockbuster Nasdaq debut<\/strong>”
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Shares of\u00a0Poshmark soared more than 130 percent in their stock market debut on Thursday, valuing the online fashion marketplace at $7.15 billion, highlighting investor optimism for online shopping that has surged during the COVID-19 pandemic.<\/p>\n

Shares opened at $97.50 on the Nasdaq, well above the initial public offering (IPO) price of $42 apiece. The company raised $277.2 million in its IPO on Wednesday.<\/p>\n

Poshmark, whose board members include the likes of tennis legend Serena Williams, has debuted in a week that could be the biggest for new listings in more than five years as companies seek to make the most of the strongest IPO market in two decades.<\/p>\n

Poshmark\u2019s investors include Hollywood actor Ashton Kutcher, celebrity stylist-turned-designer Rachel Zoe, investment firm SV Angel and venture capital firm GGV Capital, which was also an early backer of Chinese e-commerce giant Alibaba.<\/p>\n

Founded in 2011 by four entrepreneurs, including Chief Executive Officer Manish Chandra,\u00a0Poshmark\u00a0reported a net income of $20.9 million in the first nine months of 2020, compared to a net loss of $33.9 million in the same period in 2019.<\/p>\n

The company is an online marketplace for individuals to sell clothes and accessories ranging from pre-owned T-shirts to high-end boutique dresses and private labels, allowing shoppers to bid on the merchandise.<\/p>\n

Poshmark, which has 70 million registered users across the United States and Canada, has attributed its turnaround to increased demand for goods sold on its platform and a fall in marketing spend during the pandemic.<\/p>\n

Morgan Stanley, Goldman Sachs and Barclays are the lead underwriters for\u00a0Poshmark\u2019s offering.\n <\/p><\/div>\n

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“#Poshmark more than doubles its value in blockbuster Nasdaq debut” Shares of\u00a0Poshmark soared more than 130 percent in their stock market debut on Thursday, valuing the online fashion marketplace at $7.15 billion, highlighting investor optimism for online shopping that has surged during the COVID-19 pandemic. Shares opened at $97.50 on the Nasdaq, well above the…<\/p>\n","protected":false},"author":1,"featured_media":154705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/01\/poshmark-doubles-market-debut.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[89450,89570,1545,5007,72446,70470,5006],"class_list":["post-154704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-14-21","tag-ashton-kutcher","tag-coronavirus","tag-ipo","tag-online-shopping","tag-retail","tag-serena-williams"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/154704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=154704"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/154704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/154705"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=154704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=154704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=154704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}