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Poshmark IPO: 5 things to know about the online marketplace before it goes public

0


Days after Wish parent ContextLogic Inc.
WISH,
-2.41%

began trading, Poshmark Inc.
POSH,
,
an online marketplace that sells clothing, accessories, beauty products and items for the home, has filed to go public.

The company plans to trade on the Nasdaq under the symbol
“POSH.” Underwriters include Morgan Stanley, Goldman Sachs and Barclays.

Poshmark says it will have Class A and Class B shares, and has set a target of raising $100 million, typically a placeholder amount used in a filing with the Securities and Exchange Commission that is later amended.

Poshmark has filed at a time when e-commerce is booming, due to factors…



Source marketwatch.com

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