ThredUp Inc.

General Information

Our mission is to inspire a new generation of consumers to think secondhand first. That means…

  • Enabling a generation of new buyers to effortlessly find high-quality secondhand items from brands they love at incredible prices, while delivering the joy, selection and engagement of online shopping;
  • Enabling a generation of new sellers to participate in the resale economy by helping sellers conveniently clean out their closets and earn a payout or a charitable donation receipt for the items they no longer wear; and
  • Enabling brands and retailers to deliver modern resale experiences that help their consumers shop in more environmentally sustainable ways.

thredUP is one of the world’s largest online resale platforms for women’s and kids’ apparel, shoes and accessories. Our custom-built operating platform is powering the rapidly emerging resale economy, the fastest growing sector in retail, according to the GlobalData Market Survey. As of Dec. 31, 2020, we had 1.24 million Active Buyers and 428,000 Active Sellers. thredUP’s platform consists of distributed processing infrastructure, proprietary software and systems and data science expertise. Since our founding in 2009, we have processed over 100 million unique secondhand items from 35,000 brands across 100 categories, saving our buyers an estimated $3.3 billion off estimated retail price. We estimate that we have positively impacted the environment by saving 1.0 billion pounds of CO2 emissions, 2.0 billion kWh of energy and 4.4 billion gallons of water simply by empowering consumers to buy and sell secondhand. The traditional fashion industry is one of the most environmentally damaging sectors in the global economy and we believe our scalable resale business model is a powerful solution to the fashion industry’s wastefulness.

Industry: Retail - Internet & Mobile - Resale & Thrift Apparel
Employees: 1862
Founded: 2009
Contact Information
Address 969 Broadway Suite 200 Oakland, California 94607
Phone Number (415) 402-5202
Web Address
View Prospectus: ThredUp Inc.
Financial Information
Market Cap $1181.18mil
Revenues $186.0 mil (last 12 months)
Net Income $-47.9 mil (last 12 months)
IPO Profile
Symbol TDUP
Exchange NASDAQ
Shares (millions): 12.0
Price range $14.00 - $14.00
Est. $ Volume $168.0 mil
Manager / Joint Managers Goldman Sachs/ Morgan Stanley/ Barclays/ William Blair/Wells Fargo Securities
CO-Managers KeyBanc Capital Markets/ Needham & Co./ Piper Sandler/Telsey Advisory Group
Expected To Trade: 3/26/2021
Status: Priced
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