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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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Art by Mike Sullivan
It’s not often that major news organizations coordinate to sift through a large trove of leaked company documents and agree not to publish stories about them until a certain date. But in the world of news related to Facebook, these are extraordinary times. Something similar happened in 2016 when the International Consortium of Investigative Journalists published financial leaks in an...
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