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Stock impact report

Fashion Reseller Poshmark Delays IPO [Fortune]

Revolve Group, Inc. Class A (RVLV) 
Last revolve group, inc. class a earnings: 2/25 04:05 pm Check Earnings Report
Company Research Source: Fortune
Pinterest Poshmark Inc., an online resale marketplace for second-hand and wholesale clothing, has delayed plans for an initial public offering until next year, according to people familiar with the matter. The Redwood City, Calif.-based company has put off the potential IPO to focus on boosting sales and improving its execution, said the people, who asked to not be identified because the matter isn’t public. A representative for Poshmark didn’t respond to requests for comment. Poshmark had been one of several e-commerce companies looking to go public this year amid a wave of IPOs that included two online retailers in June. The RealReal Inc.'s stock value Revolve Group Inc. has risen Founded in 2011 by CEO Manish Chandra, The company reports it has 50 million users on its platform, and five million Seller Stylists helping customers select purchases from more than 75 million listings. Poshmark makes money by collecting transaction fees that can be as much as 20% of an item’s sales price Show less Read more
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