SA国际传媒

We鈥檝e all made those fashion purchases when we love something at first, but eventually, want it out of our closet.

Sites like were created to give consumers a way to resell higher-end fashion-related items and get some of their money back. Now the fashion resale marketplace company isthat could take place as early as this fall, according to the Wall Street Journal who cited 鈥減eople familiar with the matter.鈥�

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Poshmark has tapped Inc. and as its underwriters, according to the WSJ.

The Redwood City-based company has raised since its inception in 2011. Its last funding round, an announced in November 2017, gave it a valuation of $600 million, according to its SA国际传媒 profile. Backers include 听1, , and .

Poshmark now potentially joins the ranks of startups (such as ride-hailing company and photo-sharing site ) planning to go public this year as SA国际传媒 News has covered听here and here.

Poshmark 鈥済enerated close to $150 million in revenue and posted narrow losses last year,鈥� according to the WSJ. Its valuation has climbed to about $1.25 billion since some shareholders recently sold shares via a secondary transaction, the Journal went on to say. But the company believes its public market value will top that figure, according to the paper鈥檚 sources.

Part of the beauty behind Poshmark鈥檚 model is that the company doesn鈥檛 have much overhead in the way of merchandise. Like eBay, it works as a facilitator between buyers and sellers, who post photos of their items on the Poshmark site. It makes money by charging a commission on each deal.

Poshmark isn鈥檛 the only company in the space looking to leave the private markets. WSJ also reported that , a San Francisco-based luxury consignment shop, has also 鈥渕et with investment bankers to prepare for a possible IPO that could happen this year.鈥� TheRealReal has raised since it was founded eight years ago, according to its SA国际传媒 profile. Most recently, it secured a last July.

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