A company that bills itself as a stock market for sneakers is worth $1 billion. Now it wants to abolish fixed prices for collectibles altogether.

StockX is a sneaker and collectible resale platform that uses historical data to help buyers and sellers find out what items are really worth. The company recently nabbed a $1 billion valuation based on investors' confidence in the business' ability to grow globally and the end of fixed pricing. Its next ambition is moving behind resales into what it calls"IPOs" — or initial product offerings — to help brands find out what their goods are really worth.

StockX is a sneaker and collectible resale platform that uses historical data to help buyers and sellers find out what items are really worth. The company recently nabbed a $1 billion valuation based on investors' confidence in the business' ability to grow globally and the end of fixed pricing. Its next ambition is moving behind resales into what it calls"IPOs" — or initial product offerings — to help brands find out what their goods are really worth.

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