Poshmark more than doubles its value in blockbuster Nasdaq debut
Tech | New York Post
Shares of Poshmark soared more than 130 percent in their stock market debut on Thursday, valuing the online fashion marketplace at $7.15 billion, highlighting investor optimism for online shopping that has surged during the COVID-19 pandemic. Shares opened at $97.50 on the Nasdaq, well above the initial public offering (IPO) price of $42 apiece. The company...
