Online Thrift Shop ThredUp Files Confidentially for U.S. IPO
A worker hangs clothing on a conveyor system at the ThredUp sorting facility in Phoenix in 2019.
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ThredUp Inc., an online retailer for second-hand clothing, filed confidentially for a U.S. initial public offering.
The company, based in Oakland, California, submitted a draft registration statement to the U.S. Securities and Exchange Commission, and the IPO will commence after regulator’s review process, the firm said in a statement on Wednesday. The number of shares to be offered and the price range of the offering has not been determined, ThredUp said.