ThredUp goes public on Nasdaq
ThredUp priced its initial public offering at 14 dollars per share and began trading on the Nasdaq under the ticker TDUP on March 26, 2021, raising roughly 168 million dollars on 12 million shares, according to the company’s IPO pricing release. It was the first pure-play mass-market resale operator to reach the public markets.
ThredUp arrived as a managed marketplace built on the unglamorous work of processing millions of individual garments. The public listing forced a question the whole category would spend years answering: can you make money handling secondhand clothing one item at a time?