The Technology team advised ThredUp Inc. (Nasdaq: TDUP) on 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. In addition, thredUP granted the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of Class A common stock, which was exercised in full.
thredUP is transforming resale with the mission to inspire a new generation of consumers to think secondhand first. By making it easy to buy and sell secondhand, thredUP has become one of the world’s largest resale platforms for women’s and kids’ apparel, shoes and accessories. thredUP is extending the life cycle of clothing, changing the way consumers shop and ushering in a more sustainable future for the fashion industry.
Caine Moss leads Goodwin’s ongoing counsel for thredUP. The IPO team was led by Brad Weber and Erica Kassman and included Caine Moss, Liz Telefus, Sandy de Sauvage, Lynda Galligan, Monica Patel, Kelsey Lemaster, Jim Riley, Jake Osborn, Stephen Taeusch, Jackie Klosek, Federica De Santis and Justin Pierce.For more details, read the press release.