# Online clothing reseller Poshmark closes up more than 140% on first day of trading

- Link: https://www.widthness.com/online-clothing-reseller-poshmark-closes-up-more-than-140-on-first-day-of-trading/
- Published: 2021-01-17T09:30:51-06:00
- Author: Curated by Theresa Wysocki

 Photo: Poshmark IPO. POSH starts trading on Nasdaq. Getty Images. Article by Annie Palmer. CNBC – January 14, 2021. KEY POINTS Poshmark opened its first day of trading on the Nasdaq on Thursday. On Wednesday, Poshmark priced its IPO at $42 a share, giving it an initial valuation of more than $3 billion. The stock began trading at $97.50. Shares of online clothing reseller Poshmark ended the day up more than 141% in the company’s market debut Thursday. […] Poshmark, founded in 2011, is an internet marketplace for second-hand clothing, shoes and accessories. Like eBay and Etsy, Poshmark connects buyers with sellers, who often list items from their own closet. Poshmark makes money by taking a cut of every transaction. […] Click here to view original web page at www.cnbc.com Curated by Theresa Wysocki See Full Bio