Poshmark, Inc.

General Information
Business:

(Note: If you have a passion for fashion, you know Poshmark.)

We are a social marketplace that combines the human connection of a physical shopping experience with the scale, reach, ease, and selection benefits of eCommerce. In doing so, we bring the power of community to buying and selling online. We created Poshmark in 2011 to make buying and selling simple, social, and fun. Pairing technology with the inherent human desire to socialize, our marketplace creates passion and personal connections among users. In 2019, our Active Users spent an average of 27 minutes a day on our marketplace browsing, shopping, buying, selling, and connecting with each other via 20.5 billion social interactions. We dynamically curate our marketplace into lifestyle categories that our users love, including apparel, accessories, footwear, home, and beauty. Powered by our proprietary technology, our social marketplace is purpose-built to enable simple transactions, seamless logistics, and an engaging experience at scale. As of Sept. 30, 2020, there were over 201 million secondhand and new items for sale across 9,431 brands on our marketplace. As of Sept. 30, 2020, we had 31.7 million Active Users, 6.2 million Active Buyers, and 4.5 million Active Sellers.

We empower people to sell a few items or to become successful entrepreneurs by providing them with end-to-end seller tools. We refer to this as “making selling a superpower.” 

Industry: Retail - Internet & Mobile - Goods and Services
Employees:
Founded: 2011
Contact Information
Address 203 Redwood Shores Parkway, 8th Floor Redwood City, California 94065
Phone Number (650) 262-4771
Web Address http://www.poshmark.com/
View Prospectus: Poshmark, Inc.
Financial Information
Market Cap $2713.58mil
Revenues $247.5 mil (last 12 months)
Net Income $-7.62 mil (last 12 months)
IPO Profile
Symbol POSH
Exchange NASDAQ
Shares (millions): 6.6
Price range $42.00 - $42.00
Est. $ Volume $277.2 mil
Manager / Joint Managers Morgan Stanley/ Goldman Sachs/ Barclays
CO-Managers Stifel/ William Blair/ Raymond James/ Cowen/ JMP Securities
Expected To Trade: 1/14/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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