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