The platform is looking to go public within the first half of 2022, less than a year after it raised $255 million in funding, which increased its valuation to $3.8 billion.
“This news signals the broad recognition and excitement for the long-term value of StockX’s business,” CEO Scott Cutler said in a statement back in April. “Fundamental shifts in both consumer buying and investing behavior provide an immense growth opportunity for StockX.”
The last investment round was led by technology-focused investment firm Altimeter Capital and supported by growth-equity firm Dragoneer and other existing investors.
“The company has rapidly established itself as one of the most important online marketplaces for Gen Z and millennial consumers,” said Jared Middleman, partner at Dragoneer.
“This position has unlocked a number of promising new growth opportunities, and we are excited to support the StockX team as they work to realize this potential.”
People close to the matter declined to reveal more details on the planned IPO.
“Today, we’re focused on growth and execution, which includes global expansion, category diversification, and continuing to invest in technology and innovation around product authentication,” a StockX spokeswoman said in a statement to BoF.
StockX was originally founded in 2016 and some of its other investors include Tiger Global Management, rapper Jay-Z’s Marcy Venture Partners, DST Global and GGV Capital.
