Poshmark Inc. said late Friday it confidentially submitted to securities regulators a draft registration statement for its initial public offering. The number of shares to be offered and the price range are yet to be determined, the Redwood City, Calif., company said in a press release. The IPO is expected to start after the Securities and Exchange Commission completes its review process, subject to market conditions. Poshmark is an online marketplace for new and used clothing and other fashion items.
Sept. 25, 2020, 5:57 p.m. EDT