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Poshmark files registration statement for IPO proposal

By Robyn Turk

Dec 18, 2020

Poshmark announced that it has filed a registration statement with the SEC to propose an initial public offering of shares of its Class A common stock. The company was first reported to be mulling an IPO in September.

The clothing resale marketplace has applied to list its stock on the Nasdaq Global Select Market under the ticker symbol "POSH."

Poshmark has become quite profitable recently, generating over 30 million dollars in the past two quarters.