ThredUp Inc. (TDUP) Prices 12M Share IPO at $14/Sh
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ThredUp Inc. (NASDAQ: TDUP) today announced the pricing of its initial public offering of 12,000,000 shares of its Class A common stock at a price to the public of $14.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on March 26, 2021 under the symbol "TDUP", and the offering is expected to close on March 30, 2021, subject to customary closing conditions. In addition, thredUP has granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions.
Goldman Sachs & Co. LLC, Morgan Stanley and Barclays are acting as lead book-running managers for the offering. William Blair and Wells Fargo Securities are acting as book-running managers. KeyBanc Capital Markets, Needham & Company, Piper Sandler and Telsey Advisory Group are acting as co-managers.
The offering is being made only by means of a prospectus.
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