A StockX spokesperson refused to comment on the IPO and told Bloomberg that the company was “focused on growth and execution, which includes global expansion, category diversification, and continuing to invest in technology and innovation around product authentication.”
Why It Matters: Online marketplaces such as StockX have risen in popularity through the COVID-19 pandemic and are attracting investor interest.
In April, the company said it was valued at $3.8 billion following the completion of a $195 million secondary tender offering.
StockX, founded in 2016, is backed by Tiger Global Management, Altimeter Capital, Dragoneer, Jay-Z’s Marcy Venture Partners, DST Global, and GGV Capital.
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