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Jan. 14, 2021, 11:59 a.m. EST

Poshmark shares more than double after trading begins

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By Tonya Garcia

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.

/zigman2/quotes/223776918/composite
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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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 69.06
-0.32 -0.46%
Volume: 363,171
Feb. 24, 2021 8:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,925.43
+44.06 +1.14%
Volume: 2.78B
Feb. 24, 2021 5:20p
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