Online clothing reseller Poshmark jumps more than 130% as it begins trading

Rafael Henrique | LightRocket | Getty Images Shares of online clothing reseller Poshmark popped more than 130% in the company’s market debut Thursday. The stock began trading at $97.50 per share. On Wednesday, Poshmark priced its IPO at $42 a share, giving it an initial valuation of more than $3 billion. The company previously said it expected to sell shares at between $35 and $39. It was valued at nearly $600 million in its last round, a series D in November 2017. Poshmark, founded in 2011, is an internet marketplace…

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