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ThredUp Confidentially Files to Go Public

By
Ross Matican
· · Source: Bloomberg

ThredUp, an online thrift store, filed confidentially for an initial public offering, Bloomberg reported . The Oakland, California–based company said in a press release Wednesday morning that the number of shares to be offered and price range for the offering have yet to be determined. ThredUp is eyeing an early 2021 listing and could raise $200 million to $300 million, Bloomberg reported in...

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When JPMorgan Chase struck a $400 million deal to buy WePay in late 2017, it pledged that the Bay Area fintech would become “Chase’s payments innovation incubator in Silicon Valley,” helping the country’s biggest bank compete with surging startups Stripe and Square and payments companies like PayPal.
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