Online resale marketplace Poshmark Inc. has agreed to be acquired by South Korea-based Naver Corp. for less than half the price it went public at in January 2021.
Naver's stock, which trades on the South Korean exchange, slumped on the news Tuesday, dropping by nearly 9%. Poshmark's stock rose by about 13%, moving close to the announced sale price. Like many online businesses, Poshmark did well during the pandemic when many people were mostly confined to their homes. Its main business is second-hand clothing but it has added other types of goods that sellers offer, boasting of having more than 80 million registered users. The number that actually bought or sold goods on its platform in the last quarter was about 8 million.
Its revenue growth has slowed and losses widened as life got closer to normal again. It reported $90.9 million in revenue in the quarter ended in March quarter, which fell slightly to $89.1 million in the June quarter. Poshmark's forecast for the quarter that ended last week is for revenue to drop again to between $85 million and $87 million.
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Intel files for Mobileye IPO that may raise up to $2.5 billion - Silicon Valley Business JournalIt's estimated that the offering may raise up to $2.5 billion, which would top the $1 billion IPO by investment firm TPG Inc. in January and the $1.7 billion one by life and asset management business Corebridge Financial Inc. last month.
ソース: svbizjournal - 🏆 334. / 59 続きを読む »
Poshmark to be bought by South Korean internet company Naver in $1.2 billion dealOnline secondhand-fashion marketplace Poshmark has agreed to be bought by South Korean internet company Naver in a $1.2 billion deal, the two companies announced Monday.
ソース: MarketWatch - 🏆 3. / 97 続きを読む »
Xperi stock plunged after it completed spinoff of patent business as Adeia - Silicon Valley Business JournalThe San Jose-based company now known as Xperi Inc. retained the product side of its business, which includes digital video recorder TiVo and audio tech seller DTS. It spun off its patent licensing side as Adeia Inc.
ソース: svbizjournal - 🏆 334. / 59 続きを読む »
Rethinking Bishop Ranch: Sunset Development says housing a crucial part of the business park's evolution - Silicon Valley Business JournalBishop Ranch's efforts to incorporate residential into the mix precedes the onset of Covid. But in a post-pandemic world, it's more important than ever.
ソース: svbizjournal - 🏆 334. / 59 続きを読む »
Rethinking Bishop Ranch: Sunset Development says housing a crucial part of the business park's evolution - Silicon Valley Business JournalBishop Ranch's efforts to incorporate residential into the mix precedes the onset of Covid. But in a post-pandemic world, it's more important than ever.
ソース: svbizjournal - 🏆 334. / 59 続きを読む »