Advertisement

Poshmark Goes Public: Reseller Plans to List on Nasdaq Under POSH

Poshmark has filed for an initial public offering on Nasdaq under the symbol POSH, according to a filing with the SEC. The reseller, which first announced the plans in late September 2020, has not issued a target price range or the number of shares to be made available.

As of February 2020, shoppers were expressing increased interest in second-hand clothing: at the time, used items took up 14% of consumers’ closet space, according to a Poshmark study. Additionally, a survey by Curalate found that 65% of U.S. consumers said a link in a social media post had led them to a product they weren’t originally interested in purchasing.

Poshmark has capitalized on both these opportunities through the April 2020 launch of Posh Stories, which further integrated the site’s social media and retail sides. Social media already was an important part of the retailer’s business model: 34% of the platform’s shoppers take their style cues from social media influencers, according to the February study.

“Many Poshmark sellers are also influencers on the platform — they use Poshmark to create their own fashion brands, engage directly with followers and develop aesthetic and rapport,” said a Poshmark spokesperson in an interview with Retail TouchPoints prior to the IPO filing process. “We’ve built and developed Poshmark with social discovery in mind. Since the beginning, Poshmark has included all of the traditional capabilities of a social media platform (liking, commenting, sharing), and we’ve continued to evolve and leverage the social experience both on and offline.”

Advertisement

Featured Event

Join the Retail Trendcaster Webinar Series to uncover key 2025 retail trends, from AI and personalization to social commerce. Gain expert insights, data-driven predictions, and actionable takeaways to stay ahead in a rapidly evolving market.

Advertisement

Advertisement

Retail Trendcaster Webinar Series
Days
Hours
Minutes
Seconds

Uncovering What’s Next in Retail

March 17-19, 2025  |  Free On-Demand Digital Event

Q1 is a pivotal time for retail, with experts analyzing holiday sales and forecasting trends. Join Retail TouchPoints’ Retail Trendcaster webinar series for insights on consumer spending, AI, personalization, social commerce, and more—helping you focus on what truly matters in 2025.

Brought to you by
Retail TouchPoints
Register Now
Retail TouchPoints is a brand of Emerald X LLC. By clicking the button and submitting information, you acknowledge and agree that your information may be shared with corporate affiliates of Emerald X LLC, and other organizations such as event hosts, speakers, sponsors, and partners. Please read our Privacy Policy and our Terms Of Use for more information on our policies.

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: