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ThredUp's shares pop in stock market debut

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NEW YORK – Shares of ThredUp rose 30% in their stock market debut Friday, reflecting investor enthusiasm for the online seller of second-hand women's and children's clothing.

The stock market debut followed strong investor enthusiasm for Poshmark Inc., whose stock more than doubled to $101.50 valuing the company at $7.4 billion in its showing on Jan.

14. However, Poshmark's shares have come down more than 60% since then. Late Thursday, ThredUp's initial public offering of 12 million shares was priced at $14 apiece, the high end of its estimated range of $12 to $14, according to a statement by the company.

That raised about $168 million before underwriting fees. The shares, opened at $18.25 late Friday morning on the Nasdaq Global Select

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United States
United States
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Deaths: 608 235
Recovered: 0
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Deaths: 141 607
Recovered: 0
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Russia
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Deaths: 237 619
Recovered: 0
Detail statistic
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