ThredUp Inc.

ThredUp Inc. (TDUP) priced its initial public offering on Mar 26, 2021 at $14.00 per share, within its $12.00–$14.00 range, raising $168M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.27B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, Barclays and William Blair and others. Goodwin Procter advised the company and Wilson Sonsini advised the underwriters.

ThredUp Inc. operates an online resale platform for women's and kids' apparel, shoes and accessories. Founded in 2009, it has processed over 100 million secondhand items from 35,000 brands, and had 1.24 million active buyers and 428,000 active sellers as of December 31, 2020.

Status

IPO

Ticker

TDUP

Exchange

Nasdaq Global Select

Priced

Mar 26, 2021

IPO price

$14.00

Price range

$12.00–$14.00

Raised

$168M

Market cap at IPO price

$1.27B

First filed

Mar 3, 2021

Underwriters

Goldman Sachs, Morgan Stanley, Barclays, William Blair, Wells Fargo, KeyBanc, Needham, Piper Sandler and Telsey

Company counsel

Goodwin Procter

Underwriters' counsel

Wilson Sonsini

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.