Poshmark, the fashion resale site for second-hand goods, made its debut on the public markets on 14 January. The stock price saw an initial surge and remains at almost double the IPO price.
Poshmark is an exciting stock bringing mutual benefits to both ends of the transaction. The platform allows consumers-turned-sellers to raise income in a new way by unloading high-end products. Meanwhile, buyers can acquire products at discounts and the empowerment of an environmentally conscious transaction.
There was a lot of hype around the Poshmark IPO and we can see why.