Poshmark, Inc. launches an IPO.

IPO of Poshmark, Inc. (POSH) will take place on January 13, 2021. Postmark is an online-marketplace for clothing, beauty and home furnishings. The company was incorporated on 2011 as GoshPosh, Inc, Delaware, and changed its name the same year. 

The company calls itself a “social market” since its platform provides users with an opportunity to communicate, including putting “likes” and leaving comments. According to the results of 2020, Poshmark has over 30 million of active users. The site sells both both new and secondhand goods, and the total number of goods on sale exceeds 200 million units. 

According to experts, the online-resale market will grow from $7 billion to $37 billion to 2025.
The listed IPO bookrunners are Morgan Stanley, Goldman Sachs, Barclays, Stifel, William Blair, Raymond James, Cowen and JMP Securities.