ThredUp aims to raise $168M in IPO
March 18, 2021- Share:
ThredUp, an online retailer of secondhand clothing and accessories, has established terms for its upcoming IPO, with plans to sell 12 million shares at between $12 and $14 apiece. At the top of that range, the Oakland, Calif.-based company would raise $168 million and be valued at nearly $1.3 billion, based on the number of outstanding shares. ThredUp's biggest shareholders include Trinity Ventures (13.6% pre-IPO stake), Redpoint Ventures (13.5%) and Highland Capital Partners (13.5%).
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