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How to buy Poshmark (POSH) stock

Here's everything we know so far about the Poshmark IPO.

Shannon Terrell
Shannon Terrell

Updated . What changed?

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Poshmark, a Redwood City, California-based online secondhand clothing retailer, completed its $277 million initial public offering on January 13 at $42 per share. The stock is available for limit orders on Robinhood and SoFi.

How to buy shares in Poshmark

Before you can invest in Poshmark, you'll need to open a brokerage account.

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Poshmark. Find the stock by name or ticker symbol: POSH. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until Poshmark reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Poshmark, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Poshmark. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

What we know about Poshmark’s balance sheet

Since its 2011 inception, Poshmark has sold over 130 million items. In 2019 alone, it facilitated 20.5 billion social interactions between buyers and sellers. And this global popularity has translated into growing revenue figures for the company. In fact, the company experienced its first quarter of profitability for the three months ended June 30, 2020.

In the nine months ended September 30, 2019, Poshmark reported $150.4 million in revenue and a net loss of $33.8 million. Over the same period in the following year, it reported $192.7 million in revenue and net income of $21.1 million.

Rising revenue, diminishing losses and periods of profitability are encouraging trends. But nothing is guaranteed and Poshmark itself states significant losses are possible in future periods.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Poshmark can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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