ThredUp Inc.
General Information | |
Business: | Our mission is to inspire a new generation of consumers to think secondhand first. That means…
thredUP is one of the world’s largest online resale platforms for women’s and kids’ apparel, shoes and accessories. 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 Dec. 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. 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. |
Industry: | Retail - Internet & Mobile - Resale & Thrift Apparel |
Employees: | 1862 |
Founded: | 2009 |
Contact Information | |
Address | 969 Broadway Suite 200 Oakland, California 94607 |
Phone Number | (415) 402-5202 |
Web Address | http://www.thredup.com |
View Prospectus: | ThredUp Inc. |
Financial Information | |
Market Cap | $1181.18mil |
Revenues | $186.0 mil (last 12 months) |
Net Income | $-47.9 mil (last 12 months) |
IPO Profile | |
Symbol | TDUP |
Exchange | NASDAQ |
Shares (millions): | 12.0 |
Price range | $14.00 - $14.00 |
Est. $ Volume | $168.0 mil |
Manager / Joint Managers | Goldman Sachs/ Morgan Stanley/ Barclays/ William Blair/Wells Fargo Securities |
CO-Managers | KeyBanc Capital Markets/ Needham & Co./ Piper Sandler/Telsey Advisory Group |
Expected To Trade: | 3/26/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |