2min chapter

Equity cover image

Musk and Kardashian remind us to stop crying for the wealthy

Equity

CHAPTER

Poshmark

The deal is worth 1.2 billion on an enterprise value basis, and around 1.6 billion if you value it on an equity basis. It's not the type of company that you would expect that would be buying a company like Poshmark which is a reseller or not a reseller. South Korea is a very dense, very developed nation, but it's not a very big one in terms of overall population. With 80 million people that are users of Poshmark, it could actually expand the user base relatively quickly.

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