Poshmark, Inc.

Poshmark, Inc. (POSH) priced its initial public offering on Jan 14, 2021 at $42.00 per share, raising $277.2M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $3.07B. Goodwin Procter advised the company and Davis Polk advised the underwriters.

Poshmark, Inc. runs a social marketplace for buying and selling online, created in 2011 and organized into lifestyle categories such as apparel, accessories, footwear, home and beauty. Its technology supports transactions and logistics, and active users averaged 27 minutes a day on the marketplace in 2019.

Status

IPO

Ticker

POSH

Exchange

Nasdaq Global Select

Priced

Jan 14, 2021

IPO price

$42.00

Raised

$277.2M

Market cap at IPO price

$3.07B

First filed

Dec 17, 2020

Company counsel

Goodwin Procter

Underwriters' counsel

Davis Polk

Sector

Consumer

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.