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StockX Valuation Surges to $3.8 Billion with $255 Million Financing


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DETROIT, April 8, 2021 /PRNewswire/  
StockX today announced the conclusion of a $195 million secondary tender offering as well as an additional $60 million in Series E-1 primary shares at a $3.8 billion valuation. This represents a 35% increase over the $2.8 billion valuation following the company s $275 million Series E funding round closed in December 2020.
StockX Valuation Surges to $3.8 Billion with $255 Million Financing
This news signals the broad recognition and excitement for the long-term value of StockX s business as well as a growing appreciation for marketplace experiences, said StockX CEO Scott Cutler. Fundamental shifts in both consumer buying and investing behavior provide an immense growth opportunity for StockX, which has long lived at the intersection of consumer goods and tradable assets. We are just scratching the surface of what StockX can deliver for the millions of global buyers and sellers who count on the platform ....

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Sneaker Reseller StockX's Valuation Jumps to $3.8 Billion


This news signals the broad recognition and excitement for the long-term value of StockX s business, said CEO Scott Cutler in a press release,   Fundamental shifts in both consumer buying and investing behavior provide an immense growth opportunity for StockX.
Altimeter Capital led the all-cash offer that included previous investors and new investor the Dragoneer Investment Group. The company has also confirmed some employees will sell shares. This announcement raises StockX valuation by 35% from the $2.8 billion in December of 2020.
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.   ....

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StockX Valuation Surges to $3.8 Billion with $255 Million Financing

StockX Valuation Surges to $3.8 Billion with $255 Million Financing
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Student innovators recognized on Forbes list


By Susan Gonzalez
December 14, 2020
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Left to right: Medical student Max Jordan Nguemeni Tiako (Photo by Harold Shapiro); Yale College sophomore Anna Zhang; doctoral student Nyuol Lueth Tong; and David Dellal, a doctoral candidate in biomedical engineering.
Since posting our original story about the Yale affiliates on Forbes magazine’s 2021 “30 Under 30” list, we’ve learned that another current Yale student, David Dellal, a third-year doctoral student at the Graduate School of Arts & Sciences, and several other Yale alumni also made the list of top young innovators and entrepreneurs. We regret that we missed them in our first story, and have updated the original piece. ....

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