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Benzinga
Benzinga
Business
Anthony Noto

Poshmark Buyout Offer Falls Well Below IPO Price: Analysts Call It Fair — Is It?

Poshmark Posh Nasdaq Naver RealReal

When South Korean tech giant Naver confirmed earlier this week that it would purchase Poshmark Inc. (NASDAQ:POSH) at $17.90 per share, many observers said the offer was fair.

Was it? After all, Poshmark — an Instagram-like site specializing in apparel resale — went public in 2021 at $42 a share. On Thursday, it closed at $17.80. 

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