Say hello to Poshmark, the online thrift store set to go public at $ 3 billion

Say hello to Poshmark, the online thrift store set to go public at $ 3 billion

The shopping app, created in 2010 by former Silicon Valley engineer Manish Chandra, makes its public debut with 32 million active users that it has spent a lot to acquire.

TIMOTHY ARCHIBALD for Forbes

Poshmark, the online second-hand store expected to start trading tomorrow, is heading into the market with a $ 3 billion valuation and a sales pitch that puts the ten-year-old start-up at the forefront of the market. next big retail hit. The offering documents say it all: 70 million users have signed up and $ 4 billion in merchandise sold since launch and a recent rate of 56 million social interactions per day that have pushed $ 1.3 billion in these sales during the year ended September 30.

His confidence is backed by several dozen companies who are also chasing the second-hand dream including ThredUp, which is also planning an IPO and last year published a detailed report promoting the thesis that young buyers motivated by the frugality and good ecological faith are more and more …

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