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Poshmark Is Said to Price IPO at $42

By Ross Matican
· · Source: Bloomberg

Poshmark, the secondhand clothing marketplace, is said to have priced its initial public offering at $42 per share, Bloomberg reported Wednesday . That means the company will raise about $277 million and could be valued at $3 billion in the public markets. The question that remains after Poshmark’s pricing is how the stock trades when it opens Thursday. Consumer lending service Affirm, which...

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