Connect with us

Business

Sneaker reseller StockX’s valuation jumps to $3.8 billion – CNBC

Popular sneaker reseller StockX has just closed another round of funding after seeing huge growth during the Covid pandemic.

Published

on

Article feature image

StockX, after a record year of revenue, completed a new funding round that values the high-end sneaker reseller at $3.8 billion.
On Thursday, StockX announced the conclusion of a $195 million secondary tender offering as well as an additional $60 million in Series E-1 primary shares.
“This news signals the broad recognition and excitement for the long-term value of StockX’s business,” said CEO Scott Cutler in a press release,  “Fundamental shifts in both consumer buying and investing behavior provide…

Click here to view the original article.