5 days ago • Posted by William Ramstein

StockX, known for selling sneakers online, is valued at $3.8B

StockX the online marketplace for sneakers, streetwear and collectibles has gained a $3.8B valuation by selling $60 million of new stock and lettin employees sell $195 million of their shares to investors. The firm is said to IPO in H2 of 2021. The company became profitable for the first time in Q3 of 2020 with revenues rising 75% YoY.

Source: WSJ

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