REDWOOD CITY, Calif., Jan. 13, 2021 /PRNewswire/ -- Poshmark, Inc. (Poshmark) today announced the pricing of the initial public offering (IPO) of 6,600,000 shares of its Class A common stock at a price to the public of $42.00 per share. All of the shares are being offered by Poshmark. The shares are expected to begin trading on the Nasdaq Global Select Market on Jan. 14, 2021 under the symbol "POSH." In addition, the underwriters have a 30-day option to buy up to an additional 990,000 shares of Class A common stock from the company at the IPO price, less underwriting discounts and commissions. The closing of the offering is expected to occur on Jan. 19, 2021, subject to satisfaction of customary closing conditions.

Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, and Barclays Capital Inc. are acting as lead book-running managers for the offering. Stifel, Nicolaus & Company, Incorporated, William Blair & Company, L.L.C, Raymond James & Associates, Inc., Cowen and Company, LLC, and JMP Securities LLC are acting as book-running managers.

More on S For Story

• CEO Coaching International Congratulates Client Orion Energy on Successful Capital Partnerships
• expEDIum Direct Pay®, seamless online payment added to iTech's expEDIum Medical Billing®
• China Refuses to Accept Service of Berman Law Group's Coronavirus Class Action Complaint
• Love & Sip Valentine Brunch with Celebrity The Comedian, Tomea, Grammy Saxophonist Jason Davis, Gospel Contemporary Duo, Only God Ministries
• Corey Edward and FyreSyde Publishing Announce the Release of Friday Nightmares

The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by telephone at (866) 718-1649; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526; and Barclays Capital Inc., c/o Broadridge Financial Solutions, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (888) 603-5847.

A registration statement relating to these securities has been filed with the U. S. Securities and Exchange Commission and was declared effective on Jan. 13, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

More on S For Story

• Rustic Deco Launches B2B Wholesale Furniture Website
• Caroline C Barney Dives Back into the Land of Bori with Trebor Tales Sequel, "Return of the Malpeds"
• MahoganyBooks receives $5,000 grant to launch content series featuring Ward 8 writers, curated by Panama Jackson, co-founder of Very Smart Brothas
• IOTech names Gavin Hunter as VP of global marketing
• Introducing BIAMI.IO Apps Framework

About Poshmark, Inc.:
Poshmark is a leading social marketplace for new and secondhand style for women, men, kids, home, and more. By combining the human connection of physical shopping with the scale, ease, and selection benefits of ecommerce, Poshmark makes buying and selling simple, social, and fun. Its community of more than 70 million registered users across the U.S. and Canada is driving the future of commerce while promoting more sustainable consumption.

CONTACTS:

Media Contact
[email protected]

Investor Contact
[email protected]

SOURCE Poshmark

---

Show All News | Report Violation