StockX, after a record year of revenue, completed a new funding round that values the high-end sneaker reseller at $3.8 billion.
The company on Thursday announced the conclusion of a $195 million secondary tender offering as well as an additional $60 million in Series E-1 primary shares.
“This news signals the broad recognition and excitement for the long-term value of StockX’s business,” CEO Scott Cutler said in a statement. “Fundamental shifts in both consumer buying and investing behavior provide an immense growth opportunity for StockX.”
Source: CNBC
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