IPO price of poshmark is $42 per share: beyond the upper limit of the range

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Sina science and technology news on the morning of January 14, according to people familiar with the matter, the IPO price of poshmark in the United States is higher than the upper limit of the range.
The company will sell shares at $42 a share to raise about $277m, people familiar with the matter said. The company previously planned to sell 6.6 million shares at $35 to $39 A share.
Before that, poshmark’s share price almost doubled on the day of its IPO on Wednesday after it raised $1.2 billion through an IPO.
For now, poshmark declined to comment.
Poshmark’s IPO lead underwriters include Morgan Stanley, Goldman Sachs and Barclays. The stock is expected to be listed on the NASDAQ Global Select market on Thursday, trading under the symbol posh.
In addition, pet acquisition, the parent of the retail chain PetCO, which includes private equity firm CVC capital partners, plans to set its IPO price on Wednesday.