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Will The RealReal Be the First US Resale Site to File for an IPO? Footwear News

https://footwearnews.com/2019/business/retail/the-realreal-ipo-1202735209/
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Jan 25, 2019 4:04 PM 2+ mon ago

Will The RealReal Be the First US Resale Site to File for an IPO?

After raising nearly $300 million, opening two brick-and-mortar stores and trouncing many of its competitors, luxury consignment site The RealReal may be preparing to go public.

According to Reuters sources, the eight-year-old company is in talks with investment banks about a potential IPO in 2019. Founder and CEO Julie Wainwright, who has yet to comment on the reports, expressed plans for an eventual public offering as early as 2016. Since then, she has scaled the company significantly, investing in massive warehouses across the country, launching pop-up shops and permanent retail spaces and, in 2018, raising $115 million in Series G funding.

If the IPO is successful, The RealReal will be the first U.S. resale site to go public, underscoring the increasing importance of the re-commerce sector, which also includes resale sites such as ThredUp, Poshmark and Depop, ...

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