Here we are again. Again.
Yes, it’s another morning in which we have to discuss a venture-backed technology company going public at a price above its IPO range.
This time it’s Poshmark, which priced its IPO at $42 per share last night, comfortably ahead of its $35 to $39 range that already greatly boosted the company’s valuation. The consumer-to-consumer used fashion marketplace sold 6.6 million shares at its IPO price, raising a gross $277.2 million before other possible shares are sold.
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