LONDON — In another major boost for the secondhand luxury market, online marketplace 1stDibs started trading on Nasdaq on Thursday and saw its shares leap 35 percent by the end of the day.
The retailer’s chief executive officer David Rosenblatt said that a flotation was the best option for the company to explore both “organic and inorganic” growth avenues, including potential partnerships with other players in the sector, and raise capital. The company is ready to expand its footprint given the boost in online sales during last year’s lockdowns. In 2020, revenues jumped 16 percent, while in the first quarter of 2021 gross merchandise value was up 64 percent to $112 million.
He added that 1stDibs has a point of differentiation as the only marketplace that dabbles in fashion, art, jewelry and furniture — with all categories seeing “healthy growth,” particularly new verticals such as contemporary furniture, jewelry and art.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grocery Delivery Company Missfresh Files For US IPO& Producer Price Index (PPI) Release Overview Takeaway: The PPI print was driven by mining’s 36.4%, raw materials 18.8% and manufacturing 7.4% driven by higher commodity prices. xem gái xinh show móc các kiểu miễn phí kbzl 0815514077
Source: Forbes - 🏆 394. / 53 Read more »
Grocery Delivery Company Missfresh Files For US IPO& Producer Price Index (PPI) Release Overview Takeaway: The PPI print was driven by mining’s 36.4%, raw materials 18.8% and manufacturing 7.4% driven by higher commodity prices.
Source: Forbes - 🏆 394. / 53 Read more »
Chinese ride-hailing company Didi files for IPO with something U.S. rivals haven’t offered: profitChina's largest ride-hailing service, Didi Chuxing, officially filed for a U.S. initial public offering Thursday with an odd inclusion for its sector: actual...
Source: MarketWatch - 🏆 3. / 97 Read more »
Chinese ride-hailing giant Didi files for US IPODidi, China's giant ride-hailing company, has filed paperwork for an initial public offering in the United States with the Securities and Exchange Commission
Source: CNN - 🏆 4. / 95 Read more »
Robinhood and Didi to Kick Off a Hot IPO SummerBankers estimate that initial public offerings could raise some $40 billion in the coming months, the most ever during a summer stretch. I’m selling Robin Hood and no American should put money into the communist Chinese bucket. Do not buy DIdi Americans. Do not buy DIDI. Do not give your money to the communists. The Chinese are genocidal maniac’s
Source: WSJ - 🏆 98. / 63 Read more »
Capital Calls: Grab SPAC, Tech IPO scepticismConcise views on global finance: The Southeast Asian ride-hailing-to-delivery group’s first-quarter numbers suggest it’s lagging its own expectations; and shares in French digital music label Believe fall 13% on their market debut.
Source: Breakingviews - 🏆 470. / 51 Read more »