On March 25, 2021, ThredUp Inc. (thredUP) 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 per share. The shares began 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. Wilson Sonsini is representing the underwriters in the transaction.

thredUP is an Oakland, California-based company transforming resale and the secondhand shopping experience. It is one of the world's largest resale platforms for women's and kids' apparel, shoes, and accessories. The company plans to use the proceeds to further grow its business and make new investments in its platform and technology.

The Wilson Sonsini team representing the underwriters in the transaction includes Rezwan Pavri, Cathy Doxsee, and Arjun Adusumilli.

For more information, please see thredUP's press release.