1 week $POSH to IPO Tomorrow at $42. What are your thoughts on this one? Reddit     


POSH Is supposed to IPO At $42 tomorrow but is anyone projecting it to rocket to +$100. This is essentially a used clothing store. ABNB shot up 30% before falling far below the IPO price. That’s back up again. What are your thoughts on POSH?

From the link:

The company is selling the shares for $42 each, which will raise about $277 million, said the people, who asked not to be identified because the information wasn’t public yet. Poshmark had marketed 6.6 million shares for $35 to $39, according to its filings with the U.S. Securities and Exchange Commission.

Poshmark is valued at about $3.5 billion on a fully diluted basis, including options and restricted stock units.

submitted by /u/namredipS


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