Poshmark shares more than double after trading begins

Poshmark Inc. /zigman2/quotes/223776918/composite POSH -2.16% stock began trading on Thursday and quickly shot up 145%. The first trade was for $97.50 at 11:42 a.m. ET. Poshmark priced its IPO at $42 per share , ahead of the previous $35-to-$39 range. The digital fashion platform is going public at a time when shoppers are heading increasingly online rather than to stores during the COVID-19 pandemic. The Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -0.46% has rallied 112.4% over the last year while the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.14% is up 16.2% for the period.

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Poshmark Inc. Cl A

US : U.S.: Nasdaq

$ 61.56

-1.36 -2.16%

Volume: 614,935

Feb. 24, 2021 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$4.60 billion

Rev. per Employee

N/A

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Renaissance IPO ETF

US : U.S.: NYSE Arca

$ 69.06

-0.32 -0.46%

Volume: 363,171

Feb. 24, 2021 8:00p

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S&P 500 Index

US : S&P US

3,925.43

+44.06 +1.14%

Volume: 2.78B

Feb. 24, 2021 5:20p