ThredUp Inc. reports developments across its online resale marketplace for apparel, shoes and accessories. Company news commonly centers on quarterly results, gross margin, active buyers, orders and cash balances, along with updates to full-year financial outlooks. Its operating model includes a managed marketplace supported by processing infrastructure, proprietary software, systems and data science.
Updates also cover Resale-as-a-Service, the company’s platform for brands and retailers offering resale experiences, and the Universal Recommerce Layer. ThredUp also publishes resale market research and announces governance changes tied to board and audit committee oversight.
ThredUp Inc. has priced its initial public offering (IPO) of 12,000,000 shares of Class A common stock at $14.00 per share, scheduled to begin trading on the Nasdaq Global Select Market on March 26, 2021 under the symbol TDUP. The offering is expected to close on March 30, 2021, pending customary closing conditions. Additionally, underwriters have a 30-day option to purchase up to 1,800,000 additional shares. Goldman Sachs, Morgan Stanley, and Barclays are leading the offering.