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Poshmark surges 150% on its first day of trading after $277 million IPO

4 days ago   |   By Business Insider

Rafael Henrique/SOPA Images/LightRocket via Getty Images
Poshmark soared as much as 150% on Thursday after going public Wednesday
The online marketplace for second-hand goods raised $277 million IPO Wednesday, selling 6.6 million shares for $42 apiece.
Poshmark's leap continues the trend of massive investor demand for IPOs and SPACs, the company trades under the ticker "POSH" on the Nasdaq Global Select Market.
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Poshmark surged as much as 150% on Thursday as the second-hand goods provider made its public-market...
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Petco soars 73% in first day of trading after raising $817 million

4 days ago   |   By Business Insider

AP Photo/Tony Dejak
Petco soared as much as 73% in its first day of trading on Thursday. The pet-centric retailer raised $817 million in its IPO debut after its shares priced at $18. The IPO frenzy has continued into 2021 following the trading debut surges of Affirm and PoshMark. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Petco soared in its first day of trading on Thursday, leaping as much as 72% in initial trades after raising $817 million in proceeds. The company priced its IPO at $18 per share and sold 48 million shares. The Pet Care company operates...
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