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Poshmark Delays IPO until 2020

Will focus on growing sales, improving operations

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Fashion resale brand Poshmark (Redwood City, Calif.) has announced it will delay an IPO until next year, according to Bloomberg. The company will reportedly focus on boosting sales and improving operations.

Poshmark is a marketplace that facilitates the resale of gently used apparel from customer’s closets. In June, it announced it will expand its focus to housewares.

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