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ThredUp Priced, Nasdaq: TDUP

Online marketplace for second hand clothing.

Industry: Technology

Latest Trade: $2.00 0.00 (0.0%)

First Day Return: +42.9%

Return from IPO: -85.7%

Industry: Technology

thredUP is one of the world’s largest online resale platforms for women’s and kids’ apparel, shoes and accessories.1 Our custom-built operating platform is powering the rapidly emerging resale economy, the fastest growing sector in retail, according to the GlobalData Market Survey. As of December 31, 2020, we had 1.24 million Active Buyers and 428,000 Active Sellers. thredUP’s platform consists of distributed processing infrastructure, proprietary software and systems and data science expertise. Since our founding in 2009, we have processed over 100 million unique secondhand items from 35,000 brands across 100 categories, saving our buyers an estimated $3.3 billion off estimated retail price.2 We estimate that we have positively impacted the environment by saving 1.0 billion pounds of CO2 emissions, 2.0 billion kWh of energy and 4.4 billion gallons of water simply by empowering consumers to buy and sell secondhand. The traditional fashion industry is one of the most environmentally damaging sectors in the global economy and we believe our scalable resale business model is a powerful solution to the fashion industry’s wastefulness.
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IPO Data
IPO File Date 03/03/2021
Offer Price $14.00
Price Range $12.00 - $14.00
Offer Shares (mm) 12.0
Deal Size ($mm) $168
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/25/2021
Offer Price $14.00
Price Range $12.00 - $14.00
Offer Shares (mm) 12.0
Deal Size ($mm) $168
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
Morgan Stanley
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Company Data
Headquarters Oakland, CA, United States
Founded 2009
Employees 553
Website www.thredup.com

ThredUp (TDUP) Performance