As the world focused on the violence and political chaos in Washington, D.C., other areas of the federal government continued on, allowing the engines of commerce to churn.
The company has been on a mandated silent period, so it declined requests for comment. But according to the details filed with the SEC, Poshmark plans to offer 6.6 million shares of class A common stock priced at $35 to $39. Underwriters on the deal include Morgan Stanley, Goldman Sachs and Barclays. Shares will hit the Nasdaq Global Select Market under the symbol POSH.
The company, which employs 501 workers, shot into profitable territory in 2020. After reporting losses of $34 million between January and September 2019, Poshmark posted nearly $21 million in income for the same period last year. Revenue grew to $192.8 million, for a spike of 28 percent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Poshmarkapp 💯💯💯💯💯
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan, Palantir, Poshmark: What to Watch When the Stock Market Opens TodayThe S&P 500 is on track to end the week lower, erasing some of the gains made in early January when the gauge rallied to a record high. This is seems like an abrupt change. While Trump was president, the stimuli were said to buoy the markets. Now, with Biden, they will suddenly lead to higher taxes? A little more “Fox” every day. Shocking No need to pin concerns on the relief package. Biden will increase taxes regardless
Source: WSJ - 🏆 98. / 63 Read more »
Bitcoin tops $40K, on route to pass Tesla market capCryptocurrency Bitcoin continues its streak of fresh records, soaring past $40K as its market cap inches closer to Tesla Dollar death next currency where government can fully control your wallet Superrrr Limited supply , limited capacity to short can take it anywhere from 0 to any number.
Source: trtworld - 🏆 101. / 63 Read more »
How a small-cap stock market breakout is leading equities to all-time highsShares of small-capitalization U.S. companies are leading the stock market higher --- and that's a good sign for the internal health of the rally, at least...
Source: MarketWatch - 🏆 3. / 97 Read more »
Bitcoin steams to new record, hits $1 trillion market capThe digital currency was trading at just under $54,000 per coin on Friday, having gained around 350 percent over the past six months. 🛡️ Shield Bucks 🛡️ Sold only to exclusive individuals.
Source: NBCNews - 🏆 10. / 86 Read more »