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On January 14, 2021, Poshmark went public, at a valuation of over $3 billion, listed on the Nasdaq Stock Market under the symbol POSH. [8] In October 2021, Poshmark announced its first acquisition, Suede One, a platform for checking the authenticity of sneakers.
Naver Corp. (KRX: 035420) (“Naver”), Korea’s largest internet company, and Poshmark, Inc. (NASDAQ: POSH) (“Poshmark”), a leading social e-commerce mar
Assuming the transaction goes through, Poshmark will become a standalone subsidiary of Naver led by CEO Manish Chandra and Poshmark’s current management team.
But Poshmark, which Sun co-founded in 2011, received a compelling offer from Naver, a South Korean internet firm, and in January 2023, it was acquired for $1.2 billion. Sun now serves as SVP of...
SEONGNAM, South Korea and REDWOOD CITY, Calif., Jan. 5, 2023 /PRNewswire/ -- Naver Corp. (KRX: 035420) ("Naver"), Korea's largest internet company, today announced the completion of its...
The South Korean internet giant Naver has agreed to buy Poshmark, a popular secondhand retailer based in the United States, for $1.2 billion. It is Naver’s largest acquisition to date and a...
Korean e-commerce giant Naver will acquire peer-to-peer resale platform Poshmark in a deal valued at $1.2 billion. In January 2021, amid the resale boom, Poshmark went public, valued at $7.5 billion.