The resale platform had until now put off a potential IPO to focus on boosting sales and improving its execution.
REDWOOD CITY, United States — Poshmark Inc., an online resale marketplace for secondhand clothing, said it has filed confidentially for an initial public offering.
The number of shares and the price range for the IPO haven’t been determined, Poshmark said in a statement Friday.
The Redwood City, California-based company had put off a potential IPO to focus on boosting sales and improving its execution, people familiar with the matter said last September.
Source: Business of Fashion
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