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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.
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...
Naver Corp. (KRX: 035420) (“Naver”), Korea’s largest internet company, and Poshmark, Inc. (NASDAQ: POSH) (“Poshmark”), a leading social e-commerce mar
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.
Today, we announced that Poshmark has entered into an agreement to be acquired by Naver, Korea’s largest internet company. This is a tremendously exciting point in Poshmark’s journey.
Online secondhand-fashion marketplace Poshmark Inc. has agreed to be bought by South Korea-based internet company Naver in a $1.2 billion deal, the two companies announced Monday.
Manish Chandra is the founder and CEO of Poshmark, the largest social marketplace for fashion where millions of people come to buy, sell and share their personal style. Manish has always been passionate about building communities and founded the first social shopping company, Kaboodle, which was acquired by Hearst Corporation in 2007.
Founded in June 1999, Naver is an internet service provider that started out as a search engine before branching out into email, messaging, payments, news aggregation and online shopping. It owns some of South Korea’s most widely used websites and mobile apps including Wattpad and Webtoons.