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Goldman Sachs-backed clothing firm ThredUp files confidentially for IPO

The firm's proposed IPO comes amid record high investor demand for new stocks.

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Goldman Sachs

Reuters  |  New York 

Resale clothing firm ThredUp Inc said on Wednesday it has confidentially submitted paperwork with the U.S. Securities and Exchange Commission for an initial public offering of its Class A common stock. The size and price range of the offering have not yet been determined, the company said. The firm’s proposed IPO comes amid record high investor demand for new stocks. Companies have raised roughly $114 billion in U.S. IPOs so far in 2020, comfortably outpacing a $62.5 billion haul for all of 2019, and is already the biggest year for new listings in recent memory, according ...

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First Published: Wed, October 21 2020. 20:35 IST
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