ThredUp files for IPO
March 4, 2021- Share:
ThredUp, an online seller of secondhand clothing and accessories, has filed for an initial public offering on the Nasdaq. The company posted a wider net loss in 2020 than in 2019, but increased its total revenue by about 14% during that same timeframe. The Oakland, Calif.-based company's top shareholders include Trinity Ventures (13.6% pre-IPO stake), Redpoint Ventures (13.6%) and Highland Capital Partners (13.5%).
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