Shares of used-clothing e-commerce site ThredUp rose more than 40% on its opening day as a public company, suggesting investors remain confident in the prospects for the secondhand goods market even as stocks of other companies in the sector have lost ground lately.

“I feel like it’s sort of a surreal day,” ThredUp CEO James Reinhart said in an interview with The Information. “The fact that ThredUp debuted in what has been a very volatile week [for the market] and it’s having the reception that it’s having…speaks to the quality of the shareholders that we have and the company that we built.”