The company has not officially endorsed a plan to participate in an IPO. The company has not officially endorsed a plan to participate in an IPO. thredUP was founded in January 2009 by James Reinhart, Chris Homer, and Oliver Lubin. (Adds details from statement, on funding) Oct 21 (Reuters) - Resale clothing firm ThredUp Inc said on Wednesday it has confidentially submitted paperwork with the U.S. Securities and Exchange Commission for an initial public offering of its Class A common stock. ThredUp is reportedly preparing for an IPO, with plans to raise up to $300 million. The firm’s proposed IPO comes amid record high investor demand for new stocks. Read more about cookies here. The size and price range of the offering have not yet been determined, the company said. ThredUp received $175 million in funding in August last year, which it said would be used to expand its platform to offer resale clothing services to retailers. (reut.rs/37vA2Pg), Till date, the company has raised roughly $340 million in funding from investors such as Goldman Sachs, Highland Capital Partners and Redpoint Ventures, according to startup data platform PitchBook. The resale market is turning out to be one of the hottest trends of the young new year, as Gap has joined Nordstrom and Macy's in launching a resale platform. Walmart is joining forces with resale startup ThredUp, according to a report in CNBC on Wednesday (May 27). Oct 21 (Reuters) - Resale clothing firm ThredUp Inc said on Wednesday it has confidentially submitted paperwork with the U.S. Securities and Exchange Commission for an initial public offering of its Class A common stock. Visit our Community Guidelines for more information and details on how to adjust your email settings. To see more on key investors in thredUP, please register or login >>. Brick-and-mortar retailers such as Madewell are joining forces with online reCommerce companies to bring pre-owned merchandise into their stores. (Adds details from statement, on funding). Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. Where are the stops? Unauthorized distribution, transmission or republication strictly prohibited. Publishing date: Oct 21, 2020 • • < 1 minute read. ThredUP is hoping “Resale-as-a-Service” becomes a thing. The firmâs proposed IPO comes amid record high investor demand for new stocks. thredUP operates an online consignment and thrift store that has incorporated partnerships with retailers in what the company is dubbing “Resale-As-A … Resale clothing firm ThredUp Inc said on. The company publishes the Annual Resale Report, and pioneered the Clean Out Bag, the most convenient way for consumers to sell clothes they’re no longer wearing. Resale clothing firm ThredUp Inc said on. Companies have raised roughly $114 billion in U.S. IPOs so far in 2020, comfortably outpacing a … By continuing to use our site, you agree to our Terms of Service and Privacy Policy. If you don't see it please check your junk folder. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. (Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber), Analytical Charts - Jim The size and price range of the offering have not yet been determined, the company said. There's speculation that ThredUp is planning an IPO. A welcome email is on its way. Author of the article: Reuters. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. (https://reut.rs/37vA2Pg) Till date, the company has raised roughly $340 million in funding from investors such as Goldman Sachs, Highland Capital Partners and Redpoint Ventures, according to startup data platform PitchBook. This advertisement has not loaded yet, but your article continues below. We encountered an issue signing you up. (Reporting by Niket Nishant in Bengaluru; Editing by Shailesh Kuber). thredUP operates an online consignment and thrift store that has incorporated partnerships with retailers in what the company is dubbing “Resale-As-A-Service.” The company has raised over $330 million in Venture Capital funding from investors including Goldman Sachs, Upfront Ventures, Highland Capital Partners, Redpoint Ventures, FUEL Capital, and Trinity Ventures. Wyckoff, Where Are the Stops - Jim In-depth reporting on the innovation economy from The Logic, brought to you in partnership with the Financial Post. The offering is said to be targeted for early next year. Tuesday, November 3, gold and silver. We ask you to keep your comments relevant and respectful. Online used clothing retailer ThredUp said it's filed a confidential registration statement for an initial public offering. thredUP was founded in January 2009 by James Reinhart, Chris Homer, and Oliver Lubin. ThredUp received $175 million in funding in August last year, which it said would be used to expand its platform to offer resale clothing services to retailers. Shoppers can now purchase thredUP's secondhand wares through Walmart.com. Companies have raised roughly $114 billion in U.S. IPOs so far in 2020, comfortably outpacing a $62.5 billion haul for all of 2019, and is already the biggest year for new listings in recent memory, according to data from Dealogic, which has tracked IPO data since 1995. thredUP IPO. Companies have raised roughly $114 billion in U.S. IPOs so far in 2020, comfortably outpacing a $62.5 billion haul for all of 2019, and is already the biggest year for new listings in recent memory, according to data from Dealogic, which has tracked IPO data since 1995. We apologize, but this video has failed to load. Article content. ... Resale clothing firm ThredUp confidentially files for IPO. None of the information displayed on this page (i) represents an offer to buy or sell or a solicitation of an offer to buy or sell any security, (ii) constitutes an offer to provide investment advice or service, nor (iii) should be construed to mean that a company has officially endorsed a plan to participate in, or forego, an IPO merely by its inclusion on this page. The size and price range of the offering have not yet been determined, the company … Resale clothing firm ThredUp Inc said on Wednesday it has confidentially submitted paperwork with the U.S. Securities and Exchange Commission for an initial public offering of its Class A common stock. thredUP is the leading online marketplace to buy and sell like-new women’s and kids’ clothing. Per company press releases, thredUP last raised $175 million in August 2019 a post-money valuation of $670 million. We'll update this page with information as it becomes available. Wyckoff. Reuters Wednesday October 21, 2020 10:04. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. ThredUp received $175 million in funding in August last year, which it said would be used to expand its platform to offer resale clothing services to retailers. © 2020 Financial Post, a division of Postmedia Network Inc. All rights reserved. The firm’s proposed IPO comes amid record high investor demand for new stocks. Does the election effect gold, silver and platinum? Subscription. Goldman Sachs-backed ThredUp files confidentially for IPO, tap here to see other videos from our team. (https://reut.rs/37vA2Pg), Till date, the company has raised roughly $340 million in funding from investors such as Goldman Sachs, Highland Capital Partners and Redpoint Ventures, according to startup data platform PitchBook. Skip to Content. Polls were wrong, Trump to win says expert, but can we still get stimulus? There was an error, please provide a valid email address. Please try again. thredup.com | Fashion | Founded: 2009 | Funding to Date: $265,763,913. What we know about the ThredUp IPO. The next issue of Top Stories Newsletter will soon be in your inbox. (refini.tv/2HkHFNR). For more details on valuation for thredUP, Register or Login, Walmart partners with thredUP to offer new and pre-owned clothing, Walmart, ThredUp Join For Second-Hand Clothes | PYMNTS.com, Gap Joins thredUP As Resale Continues Momentum | PYMNTS.com, Retail Pulse: Madewell Teams With thredUP | PYMNTS.com, Flush with $175M in new funding, ThredUP is launching a platform for other resale brands. Comments may take up to an hour for moderation before appearing on the site. Biden has âno chanceâ now says expert, hereâs how to trade, Heading into the EU session gold and stocks are under pressure, Gold price hovering around $1,900 as markets expect contested results, Markets react: what gold, stock prices say about election outcome, Financial markets react to the upcoming presidential election results, Tuesday's Forex Analytical Charts, November 3, Tuesday's Charts for Gold, Silver and Platinum and Palladium, Nov. 3. ThredUp received $175 million in funding in August last year, which it said would be used to expand its platform to offer resale clothing services to retailers.Till date, the company has raised roughly $340 million in funding from investors such as Goldman Sachs, Highland Capital Partners and Redpoint Ventures, according to startup data platform PitchBook. (https://refini.tv/2HkHFNR). We're unable to confirm that news, and ThredUp has not yet filed a viewable Form S-1 with the US Securities and Exchange Commission.
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