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Poshmark

E-commerceUSA
🤝 Acquired
Peak $7 BillionToday
~-83%
from peak
  1. 🦄
    Became a unicorn
    2017
  2. 📈
    Peak valuation
    $7 Billion ’21
  3. 💔
    Became a Unitard
    2023
  4. 💸
    Last valuation
    ~$1.19B
Current status
Acquired by Naver $1.2B (2023)

How it happened

Poshmark is a US social marketplace for buying and reselling secondhand fashion, peaking around $7B near its 2021 IPO. Slowing growth and shrinking margins eroded its public valuation after the post-IPO surge faded. South Korea's Naver acquired the company in 2023 for about $1.2B, well below its peak, marking its exit from the public markets at a steep discount.