Poshmark IPO: Is $POSH The Dominant Secondhand Fashion Marketplace?

Poshmark IPO:
Poshmark Inc. saw shares bubble as high as 141% during the secondhand clothing marketplace’s NASDAQ debut. Shares of $POSH opened trading at $97.50 per share, significantly higher than where the company priced its IPO at $42. In a previous statement, Poshmark said it had expected to sell shares at between $35 and $39. Now trading in the $70 range, Alex takes a deep dive look at Poshmark’s positioning against fashion marketplace contemporaries like Farfetch ($FTCH), StockX, and the Lithuanian online fashion platform Vinted. Moazed compares active users, current GMV multiples, the various ways we’ve seen fashion marketplaces position themselves, and which players are poised for market expansion.

This is an excerpt from episode 137 of Winner Take All. Watch the full episode here: youtu.be/Xe-Qse4PAuI

Originally Aired: 01/19/20
#PoshmarkIPO #FashionStocks #2021IPO

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