Written by Shoshy Ciment
ThredUp is the latest resale platform to go public.
The resale marketplace raised $168 million in an initial public offering on Thursday, pricing its 12 million shares at $14 per share, joining the ranks of other reselling platforms that have gone public in the last few years. It was up by as much as 26% in early trading, indicating investor appetite remains strong for resale.
According to research from ThredUp, the resale sector is projected to grow from $28 billion to $64 billion by 2025, despite current headwinds faced across the entire retail industry.
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