Online clothes reseller ThredUp files for IPO
- Online resale platform ThredUp (TDUP) files for a $100M IPO on the
Nasdaq.
- ThredUp says it had 1.24M active buyers and 428K active sellers at the
end of 2020. Revenue of $186M was reported for 2020 and a net loss of
$47.9M. The company believes that it is in the early stages of
capitalizing
on a large and growing market opportunity in secondhand clothing
- Goldman Sachs (NYSE:GS) has a stake in ThredUp.
- SEC Form S-1
- The high-end online used clothing specialist competes in different
ways with Stitch Fix (NASDAQ:SFIX), Mercari, Poshmark (NASDAQ:POSH),
eBay (NASDAQ:EBAY), RealReal (NASDAQ:REAL), Etsy (NASDAQ:ETSY), Tradesy,
Amazon and Wish (NASDAQ:WISH). Companies like Nordstrom, Ralph Lauren
and Macy's are also dabbling with the concept.
|Today, 4:44 PM|8 Comments
- Online resale platform ThredUp (TDUP) files for a $100M IPO on the
Nasdaq.
- ThredUp says it had 1.24M active buyers and 428K active sellers at the
end of 2020. Revenue of $186M was reported for 2020 and a net loss of
$47.9M. The company believes that it is in the early stages of
capitalizing
on a large and growing market opportunity in secondhand clothing
- Goldman Sachs (NYSE:GS) has a stake in ThredUp.
- SEC Form S-1
- The high-end online used clothing specialist competes in different
ways with Stitch Fix (NASDAQ:SFIX), Mercari, Poshmark (NASDAQ:POSH),
eBay (NASDAQ:EBAY), RealReal (NASDAQ:REAL), Etsy (NASDAQ:ETSY), Tradesy,
Amazon and Wish (NASDAQ:WISH). Companies like Nordstrom, Ralph Lauren
and Macy's are also dabbling with the concept.
|Today, 4:44 PM|8 Comments
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