Korea's Naver Buys Poshmark For Less Than Half Its IPO Price, But Market Is Questioning
Benzinga
OCTOBER 4, 2022
Korea-based internet company, Naver Corp , has agreed to acquire Poshmark Inc (NASDAQ: POSH ) for $17.90 The value represents a premium of 15% to Poshmark's closing stock price as of October 3, 2022. Poshmark is a social e-commerce marketplace for new and secondhand styles.
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