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The company publishes the Annual Resale Report, and pioneered the Clean Out Bag, the most convenient way for consumers to sell clothes they’re no longer wearing. The company publishes the Annual Resale Report, and pioneered the Clean Out Bag, the most convenient way for consumers to sell clothes they’re no longer wearing. The RealReal sold 15 million shares for $20 each on Thursday after marketing them for $17 to $19.The company, founded by Chief Executive Officer Julie Wainwright, makes it easier sell and buy used luxury items such as clothing, accessories and jewelry on consignment by providing a platform for transactions and verifying that the goods are authentic.Shoppers, especially millennials, are thinking more about sustainability and what happens to their clothes,” Wainwright said in an interview.“It was like a drumbeat when we started,” said Wainwright. ThredUp General Information Description. Valuation post IPO sky-rocketed to $2.32 billion. James Reinhart, Chris Homer and Oliver Lubin founded the business in Boston in 2009. Online consignment startup ThredUP raised $175 million in a new round of funding led by Park West Asset Management and Irving Investors, the company announced Wednesday.None of the information displayed on this page (i) represents an offer to buy or sell or a solicitation of an offer to buy or sell any security, (ii) constitutes an offer to provide investment advice or service, nor (iii) should be construed to mean that a company has officially endorsed a plan to participate in, or forego, an IPO merely by its inclusion on this page.For more details on valuation for thredUP, Register or Login thredUP operates an online consignment and thrift store that has incorporated partnerships with retailers in what the company is … Read Next Big Ten and Pac-12 … Provider of an online clothing retail platform designed to offer thrift shopping online while making it more mainstream. More than 100 million pieces of secondhand clothes have come in and out of ThredUp's doors, and with $175 million in fresh funding, the San Francisco resale retailer is ready for even more. 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Fusing fashion resale and e-commerce, customers send consignment quality clothing in a pre-paid Closet Cleanout Bag, earn cash upfront for their clothing, and can shop favorite styles and brands at thredUP.com for up to 90% off retail. The RealReal is the first consignment startup of this generation to go public, meaning it is the one setting the pace as investors and consumers pour into the growing resale market. Leading resellers include The Real Real, Poshmark, Tradesy, and ThredUp, which lists roughly 15,000 new items daily. Venture capital has poured in, with more than $1.1 billion dropped into used-clothing operations over the past several years, according to data compiled by Bloomberg.That included more than $350 million in funding for The RealReal and about $130 million for ThredUp. This video clip is a segment from a one-hour on-demand CLE entitled “Are You Ready for an IPO? The RealReal’s shares, after rising as much as 50%, closed up at $28.90 in New York trading Friday, giving the company a market value of about $2.39 billion. Online luxury reseller The RealReal Inc. rose 45% in its first day of trading after a $300 million initial public offering. IPO Performance; Ownership Search ... co-founder and CEO of thredUP. thredUP accepts clothing from more than 25,000 women’s and kids’ brands, and resells the items for up to 90 percent off the original retail price. This will be the largest distribution of thredUP Clean Out bags and labels to date under the company’s RAAS platform. Similar to the RealReal, thredUp is a virtual consignment marketplace where people send in used goods for sale.

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