×
83 437
Fashion Jobs
ROSS STORES
Inventory Control/Quality Assurance Supervisor
Permanent · Perris
ROSS STORES
Store Protection Specialist
Permanent · Hyattsville
ROSS STORES
Inventory Controls And Quality Analysis Specialist ii (Icqa)
Permanent · Brookshire
ROSS STORES
Store Protection Specialist
Permanent · Houston
ROSS STORES
dc Operations Manager
Permanent · Fort Mill
ROSS STORES
Store Protection Specialist
Permanent · Sacramento
MACY'S
Asset Protection Captain, Westshore - Full Time
Permanent · Tampa
MACY'S
Asset Protection Detective, Naples - Part Time
Permanent · Naples
MICHAEL KORS RETAIL INC
Store Operations Manager
Permanent · Orlando
ESTÉE LAUDER
Business Manager, Travel Retail Americas
Permanent · Miami
ESTÉE LAUDER
Keyholder - Cosmetics Company Store - 20 Hours - Napa Premium Outlets - Napa, ca
Permanent · Napa
ESTÉE LAUDER
Senior Manager, International Business Development - le Labo Fragrances
Permanent · New York
ESTÉE LAUDER
Director, Performance Marketing - Bobbi Brown Cosmetics North America Ecommerce
Permanent · New York
ESTÉE LAUDER
Director of Strategic Partnership Marketing, Philanthropy & Limited Life Projects
Permanent · New York
ESTÉE LAUDER
Retail Beauty Sales Manager - Clinique - 38 Hours - Shoppes at Bel Air - Mobile, al
Permanent · Mobile
ESTÉE LAUDER
Human Resources Manager, North America Field & Retail
Permanent · New York
ESTÉE LAUDER
Retail Beauty Sales Manager - Estee Lauder - 35 Hours - Fresno, ca
Permanent · Fresno
ESTÉE LAUDER
Manager Global Product Registration
Permanent · Melville
ESTÉE LAUDER
Analyst, Product Management
Permanent · New York
ESTÉE LAUDER
Coordinator, Sales Account Management
Permanent · Irvine
TJ MAXX
tj Maxx Loss Prevention Detective Full Time
Permanent · Reno
TJ MAXX
tj Maxx Loss Prevention Detective Full Time
Permanent · Henderson
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 © 2021 FashionNetwork.com All rights reserved.