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.…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.