Online Thrift Shop ThredUp Plans IPO Early Next Year

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ThredUp Inc., an online marketplace for second hand clothing, is gearing up to go public, according to people with knowledge of the matter.

The San Francisco-based company has invited investment banks to pitch for a role in its initial public offering, said the people, who asked not to be identified because the information is private. The IPO, targeted for early next year, could raise $200 million to $300 million, one of the people said.