×
235
Fashion Jobs
LEVI'S
Key Account Manager
Permanent · Stockholm
H&M
Product Owner (Functional Lead) - Core HR Processes
Permanent · Stockholm
H&M
Product Area Manager - Inspire & Discover (Customer Domain)
Permanent · Stockholm
H&M
Product Area Manager – Evaluate & Decide (Customer Domain)
Permanent · Stockholm
H&M
HR Business Partner to h&m Group Business Tech
Permanent · Stockholm
H&M
Production Manager to h&m Global Marketing & Communications
Permanent · Stockholm
H&M
Software Engineers With Adobe Campaign Skills to h&m Business Tech - Customer Domain
Permanent · Stockholm
H&M
Chemical Compliance Specialist Cosmetic Products
Permanent · Stockholm
H&M
3d Business Expert - Competence Lead to h&m Business Tech
Permanent · Stockholm
H&M
Product Owner For One of The Style Products Within Customer Engagement Area
Permanent · Stockholm
H&M
Buyer to h&m Home – Kids Section
Permanent · Stockholm
H&M
Product Owner to Global Connectivity, h&m Group
Permanent · Stockholm
H&M
Merchandise Manager
Permanent · Stockholm
H&M
Cross Delivery Coordinator to Sap Test Management, h&m Group
Permanent · Stockholm
H&M
Data Analyst to Allocation Precision Team to Business Tech
Permanent · Stockholm
H&M
Head of Expansion & New Business - h&m Beauty
Permanent · Stockholm
H&M
Data Analyst to h&m Business Tech - Payments Area
Permanent · Stockholm
H&M
HR-Specialist Within Labour Law
Permanent · Stockholm
H&M
Business Developer to The Laboratory
Permanent · Stockholm
H&M
Product Area Analyst For Customer Commerce Delivery @h&m Business Tech
Permanent · Stockholm
H&M
Packaging Solution Business Expert, h&m Group
Permanent · Stockholm
H&M
Product Owner to Sap Release & Delivery Management, h&m Group
Permanent · Stockholm
Published
Mar 19, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

ThredUp to raise up to $168 million in U.S. listing

Published
Mar 19, 2021

Online resale platform ThredUp could raise as much as $168 million in its initial public offering in New York, which it set the terms for on Thursday. 

ThredUp to raise up to $168 million in US listing. - Facebook: ThredUp


The company announced the sale of 12 million shares of Class A common stock at a proposed price between $12.00 and $14.00 per share. The shares are expected to be listed on the Nasdaq under the ticker symbol “TDUP.” 

The offering was led by Goldman Sachs & Co. LLC, Morgan Stanley and Barclays who are acting as lead book-running managers for the offering. Other book-running managers and co-managers include William Blair, Wells Fargo, KeyBanc Capital Markets, Needham & Company, Piper Sandler and Telsey Advisory Group. 

The company, founded in 2009, first filed confidentially for an initial public offering back in October when the Oakland, California-based company submitted a draft registration statement to the U.S. Securities and Exchange Commission. 

By making it easy to buy and sell secondhand, ThredUp has earned over 1.24 million active buyers and 428,000 active sellers. Most recently, the company’s 'Resale-as-a-Service' model has also landed the brand partnerships with a number of big-name retailers, including J.C. Penney, Abercrombie & Fitch, Madewell and Walmart. 

ThredUp is riding the wave of a hot U.S. IPO market. In January, online competitor Poshmark shares more than doubled in the retailer's public debut. Similarly, The RealReal launched an IPO in July 2019, with shares rising nearly 45 percent from its initial offer price.

Most recently, resale platform Reflaunt secured $2.7 million in pre-Series A funding, led by the investment arm of luxury fashion distributor MadaLuxe Group. 

Copyright © 2022 FashionNetwork.com All rights reserved.