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Author Bio Midnight oil burners, unite! I m a CPA & CMA (Certified Management Accountant) & I tweet mostly about investing and literature. I love Brazilian pop music, wok experimentation, running trails in Chuck Taylors, & travel or at least daydreaming of travel. Follow @asitmap Poshmark (NASDAQ:POSH) has filed its S-1 and is looking to go public on January 13th. But how does this social media-driven resale marketplace compare to others? In this episode of Industry Focus: Consumer Goods, join host Emily Flippen and Motley Fool contributor Asit Sharma as they break down Poshmark s business and discuss if this new IPO is worth a second look. ....
Poshmark files for IPO: Bay Area used clothing seller says it’s profitable [San Francisco Chronicle] Dec. 18 Redwood City’s Poshmark filed for an initial public offering Thursday and disclosed that it became profitable for the first time during the pandemic. The company, an e-commerce marketplace for used accessories, clothing and shoes, said it benefited from the coronavirus pandemic as health orders shut down shops across the country, working from home became standard and unemployment rapidly rose. Demand for cheaper used goods, less need for new work outfits and people looking to turn closets into cash all served to boost Poshmark’s business. The company said in its filing that it serves as a source of additional income for its users. ....
Poshmark files for IPO: Bay Area used clothing seller says it s profitable FacebookTwitterEmail Poshmark co-founder Tracy Sun (left) talks with administrative assistant Amanda Pham in the online reseller’s Redwood City office in 2016. It plans to go public.Liz Hafalia / The Chronicle 2016 Redwood City’s Poshmark filed for an initial public offering Thursday and disclosed that it became profitable for the first time during the pandemic. The company, an e-commerce marketplace for used accessories, clothing and shoes, said it benefited from the coronavirus pandemic as health orders shut down shops across the country, working from home became standard and unemployment rapidly rose. ....