The JF Shea-backed social commerce marketplace priced its shares above the range in an offering valuing it at about $3bn.
US-headquartered social fashion marketplace Poshmark is going public today on the Nasdaq Global Select Market in a $277m initial public offering that will enable homebuilder JF Shea to exit.
The offering consists of 6.6 million shares priced at $42.00 each, well above the $35 to $39 range Poshmark set last week and valuing it just above $3bn.
Poshmark’s online platform enables users to browse, buy and sell fashion items in addition to interacting with each other and sharing favourite items.…
