Poshmark more than doubles its value in blockbuster Nasdaq debut

Shares of Poshmark soared more than 130 percent in their stock market debut on Thursday, valuing the online fashion marketplace at $7.15 billion, highlighting investor optimism for online shopping that has surged during the COVID-19 pandemic. Shares opened at $97.50 on the Nasdaq, well above the initial public offering (IPO) price of $42 apiece. The company… Continue reading at New York Post